Pinnacle Wealth Planning Services Inc. Has $380,000 Holdings in Waste Management, Inc. (NYSE:WM)

Pinnacle Wealth Planning Services Inc. reduced its holdings in Waste Management, Inc. (NYSE:WM) by 27.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,881 shares of the business services provider’s stock after selling 715 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Waste Management were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WM. Swedbank AB raised its position in shares of Waste Management by 67.2% during the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after acquiring an additional 709,678 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of Waste Management by 7.6% during the 3rd quarter. Impax Asset Management Group plc now owns 1,741,090 shares of the business services provider’s stock valued at $361,450,000 after acquiring an additional 122,696 shares during the last quarter. United Advisor Group LLC raised its position in shares of Waste Management by 27.6% during the 3rd quarter. United Advisor Group LLC now owns 1,198 shares of the business services provider’s stock valued at $249,000 after acquiring an additional 259 shares during the last quarter. Spinnaker Trust raised its position in shares of Waste Management by 3.4% during the 3rd quarter. Spinnaker Trust now owns 3,364 shares of the business services provider’s stock valued at $698,000 after acquiring an additional 110 shares during the last quarter. Finally, D.B. Root & Company LLC raised its position in shares of Waste Management by 9.7% during the 3rd quarter. D.B. Root & Company LLC now owns 1,472 shares of the business services provider’s stock valued at $306,000 after acquiring an additional 130 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WM. Scotiabank upped their price objective on shares of Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Citigroup upped their price objective on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Oppenheimer upped their price objective on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Stifel Nicolaus upped their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, CIBC upped their price objective on shares of Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $236.65.

Waste Management Stock Performance

Shares of NYSE:WM opened at $225.83 on Friday. The company’s 50 day simple moving average is $217.71 and its 200 day simple moving average is $214.57. The stock has a market capitalization of $90.81 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $235.81.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. As a group, research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.30 dividend on an annualized basis and a yield of 1.46%. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio (DPR) is currently 48.53%.

Insider Buying and Selling at Waste Management

In other news, SVP Johnson Varkey sold 560 shares of Waste Management stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the transaction, the senior vice president now owns 9,152 shares in the company, valued at approximately $2,014,446.72. The trade was a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Donald J. Smith sold 191 shares of Waste Management stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the transaction, the vice president now owns 6,129 shares in the company, valued at approximately $1,349,728.38. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,173 shares of company stock worth $17,075,967 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Waste Management Company Profile

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.