HHM Wealth Advisors LLC Has $995,000 Stock Position in Waste Management, Inc. (NYSE:WM)

HHM Wealth Advisors LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 6,673.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,554 shares of the business services provider’s stock after buying an additional 5,472 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Waste Management were worth $995,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WM. Connecticut Wealth Management LLC acquired a new stake in shares of Waste Management in the third quarter valued at approximately $215,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in Waste Management by 1.6% during the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 12,795 shares of the business services provider’s stock worth $1,950,000 after buying an additional 200 shares during the last quarter. Signet Investment Advisory Group Inc. raised its stake in Waste Management by 8.1% in the third quarter. Signet Investment Advisory Group Inc. now owns 17,699 shares of the business services provider’s stock valued at $2,698,000 after buying an additional 1,319 shares during the period. Bfsg LLC lifted its position in shares of Waste Management by 9.1% in the third quarter. Bfsg LLC now owns 18,221 shares of the business services provider’s stock valued at $2,778,000 after buying an additional 1,513 shares during the last quarter. Finally, Ellsworth Advisors LLC boosted its stake in shares of Waste Management by 0.7% during the 3rd quarter. Ellsworth Advisors LLC now owns 29,519 shares of the business services provider’s stock worth $4,636,000 after acquiring an additional 199 shares during the period. Institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other news, CFO Devina A. Rankin sold 775 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $198.58, for a total transaction of $153,899.50. Following the transaction, the chief financial officer now directly owns 75,204 shares of the company’s stock, valued at $14,934,010.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Devina A. Rankin sold 775 shares of Waste Management stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $198.58, for a total transaction of $153,899.50. Following the completion of the transaction, the chief financial officer now directly owns 75,204 shares in the company, valued at $14,934,010.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles C. Boettcher sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the sale, the executive vice president now owns 29,677 shares in the company, valued at approximately $6,217,331.50. The disclosure for this sale can be found here. Insiders sold 18,007 shares of company stock valued at $3,696,520 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WM. BMO Capital Markets increased their price objective on shares of Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research report on Friday. Citigroup boosted their price objective on Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Jefferies Financial Group upped their price objective on Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, HSBC downgraded Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price for the company. in a report on Thursday, February 15th. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $214.21.

Waste Management Trading Down 1.2 %

NYSE WM traded down $2.60 during trading hours on Friday, hitting $210.10. 1,650,808 shares of the company’s stock were exchanged, compared to its average volume of 1,589,993. The firm has a market cap of $84.31 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.19 and a beta of 0.72. The stock has a 50-day simple moving average of $208.54 and a 200 day simple moving average of $187.08. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.52 by $0.23. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. On average, equities analysts forecast that Waste Management, Inc. will post 7.09 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.75 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is currently 49.10%.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.