Foguth Wealth Management LLC. Invests $1.05 Million in Waste Management, Inc. $WM

Foguth Wealth Management LLC. acquired a new stake in Waste Management, Inc. (NYSE:WM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,793 shares of the business services provider’s stock, valued at approximately $1,047,000.

Other hedge funds also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC raised its holdings in shares of Waste Management by 1.3% during the third quarter. Gladstone Institutional Advisory LLC now owns 3,853 shares of the business services provider’s stock valued at $851,000 after acquiring an additional 49 shares in the last quarter. Clean Yield Group grew its holdings in Waste Management by 6.7% in the third quarter. Clean Yield Group now owns 801 shares of the business services provider’s stock worth $177,000 after purchasing an additional 50 shares during the period. Mendel Money Management boosted its holdings in Waste Management by 1.8% in the third quarter. Mendel Money Management now owns 2,903 shares of the business services provider’s stock worth $641,000 after acquiring an additional 50 shares in the last quarter. Canton Hathaway LLC grew its position in Waste Management by 0.5% during the 3rd quarter. Canton Hathaway LLC now owns 9,644 shares of the business services provider’s stock valued at $2,130,000 after purchasing an additional 51 shares during the last quarter. Finally, Quest Investment Management LLC lifted its position in Waste Management by 1.4% in the 3rd quarter. Quest Investment Management LLC now owns 3,631 shares of the business services provider’s stock valued at $802,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In related news, VP Donald J. Smith sold 12,194 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $233.48, for a total value of $2,847,055.12. Following the sale, the vice president directly owned 6,024 shares in the company, valued at approximately $1,406,483.52. The trade was a 66.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John J. Morris sold 4,211 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $243.38, for a total value of $1,024,873.18. Following the transaction, the chief operating officer directly owned 99,929 shares of the company’s stock, valued at approximately $24,320,720.02. The trade was a 4.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 98,042 shares of company stock worth $23,039,777. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Up 0.0%

Shares of WM opened at $233.89 on Friday. The business’s 50 day moving average is $231.18 and its 200 day moving average is $220.66. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a market capitalization of $94.34 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.47 and a beta of 0.57.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.39 billion. Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $1.70 earnings per share. Research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.945 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. This is an increase from Waste Management’s previous quarterly dividend of $0.83. Waste Management’s payout ratio is presently 56.42%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WM. Wolfe Research initiated coverage on shares of Waste Management in a research note on Friday, March 13th. They set a “peer perform” rating on the stock. Wells Fargo & Company raised their target price on Waste Management from $250.00 to $273.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings upgraded shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Finally, Sanford C. Bernstein lifted their price target on shares of Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $254.59.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.