Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $305,000 Holdings in Waste Management, Inc. (NYSE:WM)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Waste Management, Inc. (NYSE:WM) by 19.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,428 shares of the business services provider’s stock after acquiring an additional 232 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Waste Management were worth $305,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WM. Aberdeen Wealth Management LLC increased its holdings in shares of Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 45 shares during the period. Signature Estate & Investment Advisors LLC increased its position in Waste Management by 3.9% during the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $257,000 after buying an additional 46 shares during the last quarter. Benchmark Financial Wealth Advisors LLC raised its holdings in Waste Management by 1.9% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after buying an additional 49 shares in the last quarter. Balboa Wealth Partners boosted its stake in shares of Waste Management by 4.1% during the 3rd quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock worth $256,000 after acquiring an additional 49 shares in the last quarter. Finally, CRA Financial Services LLC increased its holdings in shares of Waste Management by 4.7% during the 3rd quarter. CRA Financial Services LLC now owns 1,116 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the subject of a number of recent analyst reports. UBS Group upped their target price on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price objective on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Scotiabank lifted their target price on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. Argus upped their price target on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Oppenheimer lifted their price objective on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $234.50.

Insider Activity

In other Waste Management news, CAO John A. Carroll sold 209 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, the chief accounting officer now directly owns 9,066 shares of the company’s stock, valued at approximately $1,999,506.30. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction 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 represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,055 shares of company stock worth $3,578,340. Corporate insiders own 0.18% of the company’s stock.

Waste Management Price Performance

NYSE:WM opened at $224.94 on Monday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a 50-day moving average of $211.84 and a 200-day moving average of $211.39. Waste Management, Inc. has a 52 week low of $187.48 and a 52 week high of $230.39. The company has a market capitalization of $90.28 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.33%. Waste Management’s dividend payout ratio is currently 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.