Independence Bank of Kentucky Grows Position in Waste Management, Inc. (NYSE:WM)

Independence Bank of Kentucky boosted its stake in shares of Waste Management, Inc. (NYSE:WMFree Report) by 53.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,335 shares of the business services provider’s stock after purchasing an additional 2,200 shares during the period. Independence Bank of Kentucky’s holdings in Waste Management were worth $1,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Quent Capital LLC lifted its position in shares of Waste Management by 7.3% in the fourth quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 55 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Waste Management by 2.6% in the fourth quarter. Ausdal Financial Partners Inc. now owns 2,369 shares of the business services provider’s stock valued at $424,000 after acquiring an additional 60 shares in the last quarter. Financial Advocates Investment Management increased its holdings in shares of Waste Management by 1.7% in the third quarter. Financial Advocates Investment Management now owns 3,881 shares of the business services provider’s stock worth $592,000 after purchasing an additional 65 shares during the last quarter. Dfpg Investments LLC increased its holdings in shares of Waste Management by 0.7% in the fourth quarter. Dfpg Investments LLC now owns 9,297 shares of the business services provider’s stock worth $1,660,000 after purchasing an additional 66 shares during the last quarter. Finally, Ledyard National Bank increased its holdings in shares of Waste Management by 3.1% in the third quarter. Ledyard National Bank now owns 2,224 shares of the business services provider’s stock worth $339,000 after purchasing an additional 67 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Trading Down 0.3 %

WM opened at $210.42 on Thursday. The stock has a market cap of $84.50 billion, a price-to-earnings ratio of 37.18, a P/E/G ratio of 3.20 and a beta of 0.72. The stock’s 50 day moving average price is $202.29 and its 200-day moving average price is $180.75. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.86 and a current ratio of 0.90.

Waste Management (NYSE:WMGet Free Report) last released its earnings results on Monday, February 12th. The business services provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.21. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. During the same quarter in the prior year, the firm posted $1.30 earnings per share. On average, equities analysts forecast that Waste Management, Inc. will post 6.88 EPS for the current year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.75 dividend. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. Waste Management’s payout ratio is presently 53.00%.

Insider Activity at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $184.50, for a total transaction of $461,250.00. Following the completion of the sale, the executive vice president now owns 32,959 shares in the company, valued at $6,080,935.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Tara J. Hemmer sold 1,782 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total transaction of $363,937.86. Following the transaction, the senior vice president now directly owns 55,591 shares of the company’s stock, valued at $11,353,349.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Charles C. Boettcher sold 2,500 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $184.50, for a total value of $461,250.00. Following the completion of the transaction, the executive vice president now directly owns 32,959 shares in the company, valued at $6,080,935.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,242 shares of company stock worth $5,929,355. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of several research reports. HSBC cut Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price on the stock. in a report on Thursday, February 15th. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 16th. Jefferies Financial Group lifted their target price on Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Stifel Nicolaus lifted their target price on Waste Management from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Erste Group Bank raised Waste Management from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $201.57.

Get Our Latest Stock Analysis on WM

Waste Management Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

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

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.