YorkBridge Wealth Partners LLC Has $643,000 Position in Waste Management, Inc. (NYSE:WM)

YorkBridge Wealth Partners LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,228 shares of the business services provider’s stock after purchasing an additional 230 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Waste Management were worth $643,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in WM. RB Capital Management LLC boosted its stake in shares of Waste Management by 4.2% in the 4th quarter. RB Capital Management LLC now owns 2,746 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 110 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Waste Management by 36.1% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 415 shares of the business services provider’s stock valued at $37,000 after buying an additional 110 shares during the last quarter. Winch Advisory Services LLC raised its position in shares of Waste Management by 17.3% during the fourth quarter. Winch Advisory Services LLC now owns 772 shares of the business services provider’s stock valued at $69,000 after buying an additional 114 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its position in Waste Management by 0.7% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 15,687 shares of the business services provider’s stock worth $1,396,000 after purchasing an additional 114 shares during the last quarter. Finally, Park National Corp OH boosted its stake in Waste Management by 1.1% during the fourth quarter. Park National Corp OH now owns 10,654 shares of the business services provider’s stock worth $948,000 after buying an additional 115 shares during the period. 75.74% of the stock is currently owned by institutional investors and hedge funds.

WM has been the subject of a number of recent analyst reports. Stifel Nicolaus raised shares of Waste Management from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group lowered Waste Management from a “buy” rating to a “neutral” rating and upped their target price for the company from $103.00 to $106.00 in a research report on Thursday, April 4th. KeyCorp initiated coverage on Waste Management in a research report on Monday, February 4th. They issued an “overweight” rating and a $96.00 price objective on the stock. Oppenheimer increased their target price on Waste Management from $95.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $101.71.

In related news, Director Patrick W. Gross sold 365 shares of the firm’s stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $93.03, for a total transaction of $33,955.95. Following the completion of the transaction, the director now directly owns 53,058 shares in the company, valued at approximately $4,935,985.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steve Batchelor sold 707 shares of Waste Management stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $98.83, for a total value of $69,872.81. Following the completion of the transaction, the insider now owns 22,142 shares of the company’s stock, valued at approximately $2,188,293.86. The disclosure for this sale can be found here. Insiders have sold a total of 4,092 shares of company stock valued at $402,648 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Shares of WM traded up $2.47 during midday trading on Monday, reaching $104.26. The company had a trading volume of 2,838,428 shares, compared to its average volume of 1,849,965. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $42.71 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. Waste Management, Inc. has a 1-year low of $79.96 and a 1-year high of $105.68.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, February 14th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.07. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.78 billion. Waste Management had a return on equity of 29.43% and a net margin of 12.91%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. As a group, equities analysts anticipate that Waste Management, Inc. will post 4.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.5125 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Waste Management’s previous quarterly dividend of $0.47. The ex-dividend date was Thursday, March 7th. Waste Management’s dividend payout ratio (DPR) is presently 48.81%.

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Waste Management Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

See Also: Dividend

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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