GAMMA Investing LLC Has $1.47 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

GAMMA Investing LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,289 shares of the business services provider’s stock after purchasing an additional 603 shares during the period. GAMMA Investing LLC’s holdings in Waste Management were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of WM. Aberdeen Wealth Management LLC increased its holdings in shares of Waste Management by 1.1% during the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after buying an additional 45 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in shares of 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 valued at $257,000 after acquiring an additional 46 shares during the period. Benchmark Financial Wealth Advisors LLC raised its stake in shares of 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 worth $546,000 after buying an additional 49 shares during the last quarter. Balboa Wealth Partners raised its position 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 valued at $256,000 after acquiring an additional 49 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings in Waste Management by 3.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,380 shares of the business services provider’s stock valued at $294,000 after purchasing an additional 50 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management Price Performance

WM stock opened at $201.65 on Friday. 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 business has a 50-day simple moving average of $215.82 and a two-hundred day simple moving average of $211.53. The company has a market capitalization of $80.94 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 2.36 and a beta of 0.75. Waste Management, Inc. has a 52-week low of $176.68 and a 52-week 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, topping the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. Waste Management’s revenue was up 7.9% compared to the same quarter last year. Research analysts expect that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WM shares. Stifel Nicolaus boosted their target price on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets lifted their price target on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. UBS Group upped their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday. Ten 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 stock. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $230.72.

Insiders Place Their Bets

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Waste Management 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.