Tempus Wealth Planning LLC Has $1.35 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Tempus Wealth Planning LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,693 shares of the business services provider’s stock after purchasing an additional 785 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Waste Management were worth $1,351,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Activest Wealth Management raised its position in Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates grew its holdings in Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the period. General Partner Inc. acquired a new position in Waste Management during the fourth quarter worth approximately $29,000. Sugar Maple Asset Management LLC bought a new position in shares of Waste Management during the 4th quarter worth approximately $35,000. Finally, Richardson Financial Services Inc. raised its stake in Waste Management by 65.7% in the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 1.6 %

Shares of WM stock opened at $223.89 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $89.86 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a twelve month low of $187.20 and a twelve month high of $230.39. The stock’s fifty day simple moving average is $212.19 and its 200 day simple moving average is $211.24.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.92 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. Waste Management’s payout ratio is 44.12%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group decreased their price objective on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets increased their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Scotiabank increased their price objective on Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their price objective on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

Insider Buying and Selling

In other Waste Management news, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total transaction of $152,868.87. Following the completion of the transaction, the executive vice president now owns 45,542 shares in the company, valued at approximately $10,046,109.78. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Johnson Varkey sold 560 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the sale, the senior vice president now directly owns 9,152 shares of the company’s stock, valued at approximately $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,653 shares of company stock valued at $364,287 in the last three months. 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.