Kathmere Capital Management LLC Has $1.51 Million Holdings in Waste Management, Inc. (NYSE:WM)

Kathmere Capital Management LLC grew its position in shares of Waste Management, Inc. (NYSE:WM) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,456 shares of the business services provider’s stock after buying an additional 195 shares during the quarter. Kathmere Capital Management LLC’s holdings in Waste Management were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Board of the Pension Protection Fund bought a new stake in Waste Management in the fourth quarter worth approximately $283,000. Fifth Third Wealth Advisors LLC raised its holdings in Waste Management by 6.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,537 shares of the business services provider’s stock valued at $1,117,000 after buying an additional 339 shares in the last quarter. Oak Thistle LLC lifted its position in shares of Waste Management by 28.9% in the fourth quarter. Oak Thistle LLC now owns 4,446 shares of the business services provider’s stock worth $897,000 after buying an additional 998 shares during the last quarter. KWB Wealth lifted its stake in shares of Waste Management by 26.2% in the fourth quarter. KWB Wealth now owns 3,456 shares of the business services provider’s stock worth $717,000 after buying an additional 718 shares during the last quarter. Finally, Cardinal Point Capital Management ULC grew its position in shares of Waste Management by 6.0% in the fourth quarter. Cardinal Point Capital Management ULC now owns 2,302 shares of the business services provider’s stock valued at $465,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Scotiabank initiated coverage on shares of Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Royal Bank of Canada boosted their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Oppenheimer upped their price objective on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Ten equities research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.72.

Waste Management Price Performance

Shares of WM opened at $206.98 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a market cap of $83.07 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. The stock’s 50-day moving average price is $214.44 and its two-hundred day moving average price is $211.25. Waste Management, Inc. has a 1 year low of $180.17 and a 1 year high of $230.39.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. On average, equities analysts predict that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is presently 45.87%.

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.