Trinity Legacy Partners LLC Buys 1,480 Shares of Waste Management, Inc. (NYSE:WM)

Trinity Legacy Partners LLC increased its position in Waste Management, Inc. (NYSE:WM) by 5.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,409 shares of the business services provider’s stock after buying an additional 1,480 shares during the period. Waste Management comprises approximately 1.6% of Trinity Legacy Partners LLC’s holdings, making the stock its 22nd largest position. Trinity Legacy Partners LLC’s holdings in Waste Management were worth $6,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management increased its holdings in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the last quarter. 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 worth $28,000 after acquiring an additional 125 shares during the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management during the 4th quarter worth approximately $29,000. Sugar Maple Asset Management LLC bought a new position in shares of Waste Management during the 4th quarter valued at approximately $35,000. Finally, Pineridge Advisors LLC bought a new position in Waste Management during the fourth quarter valued at $35,000. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WM shares. Raymond James boosted their price objective on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. William Blair restated an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Scotiabank lifted their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.94.

Insider Activity at Waste Management

In other news, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 9,152 shares in the company, valued at $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO John A. Carroll sold 209 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the transaction, the chief accounting officer now owns 9,066 shares in the company, valued at approximately $1,999,506.30. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,055 shares of company stock valued at $3,578,340 in the last three months. 0.18% of the stock is owned by insiders.

Waste Management Trading Up 0.2 %

NYSE:WM opened at $229.07 on Friday. The stock has a market capitalization of $91.94 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.71 and a beta of 0.78. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $230.39. 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 50 day moving average of $213.14 and a 200 day moving average of $212.81.

Waste Management (NYSE:WM) last issued its quarterly earnings data 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 net margin of 12.45% and a return on equity of 38.88%. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, March 14th. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. This is an increase from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is 44.12%.

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.