FCA Corp TX Has $1.26 Million Holdings in Waste Management, Inc. (NYSE:WM)

FCA Corp TX increased its position in shares of Waste Management, Inc. (NYSE:WM) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,231 shares of the business services provider’s stock after acquiring an additional 87 shares during the quarter. FCA Corp TX’s holdings in Waste Management were worth $1,257,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates increased its stake in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the period. General Partner Inc. acquired a new position in Waste Management in the 4th quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in Waste Management in the 4th quarter valued at approximately $33,000. Sugar Maple Asset Management LLC acquired a new position in shares of Waste Management during the 4th quarter worth $35,000. Finally, Richardson Financial Services Inc. increased its stake in shares of Waste Management by 65.7% during the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. CIBC increased their price target on shares of Waste Management from $227.00 to $247.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Scotiabank increased their price target on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. StockNews.com lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Oppenheimer increased their price target on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group decreased their price objective on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.65.

Waste Management Stock Performance

NYSE WM opened at $224.76 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The firm has a market capitalization of $90.38 billion, a price-to-earnings ratio of 33.05, a P/E/G ratio of 2.71 and a beta of 0.75. The company’s fifty day moving average is $222.69 and its two-hundred day moving average is $215.86. Waste Management, Inc. has a 52-week low of $196.59 and a 52-week 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 the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. Equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.47%. This is an increase from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 14th. Waste Management’s payout ratio is 48.53%.

Insider Buying and Selling

In related news, CEO James C. Fish, Jr. sold 44,405 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the completion of the transaction, the chief executive officer now owns 211,061 shares in the company, valued at approximately $48,212,664.23. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tara J. Hemmer sold 4,576 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the transaction, the senior vice president now owns 58,765 shares of the company’s stock, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,577 shares of company stock valued at $21,662,464 over the last ninety days. Insiders own 0.18% of the company’s stock.

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.