111 Capital Makes New $2.47 Million Investment in Waste Management, Inc. (NYSE:WM)

111 Capital acquired a new position in Waste Management, Inc. (NYSE:WM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,230 shares of the business services provider's stock, valued at approximately $2,468,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NorthCrest Asset Manangement LLC increased its position in shares of Waste Management by 524.7% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 81,759 shares of the business services provider's stock valued at $16,498,000 after buying an additional 68,672 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new position in Waste Management during the fourth quarter valued at approximately $27,540,000. PKO Investment Management Joint Stock Co bought a new stake in Waste Management during the 4th quarter worth approximately $1,294,000. Centaurus Financial Inc. lifted its stake in Waste Management by 23.4% in the 4th quarter. Centaurus Financial Inc. now owns 787 shares of the business services provider's stock worth $159,000 after purchasing an additional 149 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new position in Waste Management in the 4th quarter valued at $295,000. Institutional investors own 80.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WM. Royal Bank of Canada lifted their price objective on Waste Management from $227.00 to $229.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Raymond James boosted their price objective on Waste Management from $235.00 to $237.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Scotiabank raised their target price on shares of Waste Management from $255.00 to $260.00 and gave the company a "sector outperform" rating in a research note on Tuesday, April 8th. National Bank Financial raised shares of Waste Management to a "hold" rating in a research note on Monday. Finally, Oppenheimer raised their price objective on shares of Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Waste Management has a consensus rating of "Moderate Buy" and a consensus price target of $247.06.

Insider Activity at Waste Management

In other news, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the sale, the chief financial officer now directly owns 83,934 shares in the company, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tara J. Hemmer sold 3,094 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $228.11, for a total value of $705,772.34. Following the transaction, the senior vice president now owns 53,663 shares in the company, valued at approximately $12,241,066.93. This represents a 5.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,947 shares of company stock worth $20,536,508 in the last three months. 0.18% of the stock is owned by insiders.

Waste Management Trading Up 1.4%

NYSE WM traded up $3.33 during trading on Friday, hitting $241.09. 2,439,995 shares of the company's stock traded hands, compared to its average volume of 1,665,314. The stock has a fifty day moving average of $230.14 and a two-hundred day moving average of $222.68. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $241.61. The firm has a market cap of $97.02 billion, a P/E ratio of 35.45, a PEG ratio of 2.71 and a beta of 0.67. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.08. The company had revenue of $6.02 billion during the quarter, compared to analysts' expectations of $6.14 billion. Waste Management had a return on equity of 37.93% and a net margin of 12.45%. Waste Management's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 EPS. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, June 6th. Waste Management's dividend payout ratio is 49.77%.

About Waste Management

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.