RFG Bristol Wealth Advisors LLC Has $791,000 Stock Position in Waste Management, Inc. $WM

RFG Bristol Wealth Advisors LLC lowered its stake in Waste Management, Inc. (NYSE:WM) by 39.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,601 shares of the business services provider’s stock after selling 2,390 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in Waste Management were worth $791,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of WM. Cornerstone Planning Group LLC grew its stake in Waste Management by 101.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after buying an additional 67 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Waste Management in the 3rd quarter valued at about $30,000. Kelleher Financial Advisors acquired a new position in Waste Management in the 4th quarter valued at about $31,000. Holos Integrated Wealth LLC acquired a new position in Waste Management in the 4th quarter valued at about $40,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Waste Management during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other Waste Management news, VP Donald J. Smith sold 12,194 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $233.48, for a total value of $2,847,055.12. Following the sale, the vice president owned 6,024 shares in the company, valued at $1,406,483.52. This trade represents a 66.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO John J. Morris sold 4,211 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $243.38, for a total transaction of $1,024,873.18. Following the completion of the sale, the chief operating officer owned 99,929 shares in the company, valued at $24,320,720.02. This represents a 4.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 98,042 shares of company stock valued at $23,039,777. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Down 1.6%

NYSE WM opened at $229.44 on Friday. The business has a fifty day moving average price of $233.20 and a two-hundred day moving average price of $221.84. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The stock has a market capitalization of $92.44 billion, a PE ratio of 34.24, a PEG ratio of 2.46 and a beta of 0.54.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the previous year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities 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 announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a $0.945 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.83. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, March 13th. Waste Management’s dividend payout ratio (DPR) is 56.42%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WM. Wells Fargo & Company increased their target price on shares of Waste Management from $250.00 to $273.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. UBS Group upgraded shares of Waste Management from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $260.00 in a research report on Friday, January 9th. Citigroup dropped their price target on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Wolfe Research initiated coverage on shares of Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating for the company. Finally, Morgan Stanley dropped their price target on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $254.82.

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.