1,298 Shares in Waste Management, Inc. (NYSE:WM) Bought by George Kaiser Family Foundation

Key Points

• The George Kaiser Family Foundation acquired 1,298 shares of Waste Management, Inc. (NYSE: WM) valued at approximately $300,000, making it the firm's 29th largest holding.
• Insider transactions reported that CFO Devina A. Rankin sold 57,888 shares, reducing their position by 40.82%, while SVP Rafael Carrasco sold 674 shares, decreasing their position by 3.91%.
quarterly earnings per share (EPS) of $1.92, surpassing analysts' estimates, with revenue of $6.43 billion, marking a year-over-year increase of 19.0%.

George Kaiser Family Foundation bought a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,298 shares of the business services provider's stock, valued at approximately $300,000. Waste Management comprises approximately 0.0% of George Kaiser Family Foundation's investment portfolio, making the stock its 29th largest holding.

Several other large investors have also bought and sold shares of WM. Steward Partners Investment Advisory LLC grew its holdings in Waste Management by 3.7% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 35,679 shares of the business services provider's stock worth $8,260,000 after acquiring an additional 1,287 shares during the period. Partners Group Holding AG grew its holdings in Waste Management by 3.9% during the 1st quarter. Partners Group Holding AG now owns 186,350 shares of the business services provider's stock worth $43,142,000 after acquiring an additional 6,989 shares during the period. Knuff & Co LLC grew its holdings in Waste Management by 116.3% during the 1st quarter. Knuff & Co LLC now owns 2,163 shares of the business services provider's stock worth $501,000 after acquiring an additional 1,163 shares during the period. Boston Family Office LLC grew its holdings in Waste Management by 0.3% during the 1st quarter. Boston Family Office LLC now owns 17,662 shares of the business services provider's stock worth $4,089,000 after acquiring an additional 55 shares during the period. Finally, American Century Companies Inc. grew its holdings in Waste Management by 17.3% during the 1st quarter. American Century Companies Inc. now owns 85,184 shares of the business services provider's stock worth $19,721,000 after acquiring an additional 12,585 shares during the period. 80.40% of the stock is owned by institutional investors.

Insider Transactions at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction that occurred on 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 transaction, the chief financial officer owned 83,934 shares of the company's stock, valued at $19,922,574.24. This trade represents a 40.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the transaction, the senior vice president directly owned 16,542 shares in the company, valued at approximately $3,917,311.02. This represents a 3.91% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Waste Management Price Performance

WM stock opened at $226.80 on Friday. The company has a market capitalization of $91.36 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58. The business has a 50-day simple moving average of $230.00 and a two-hundred day simple moving average of $229.63.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%. The company's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 EPS. Research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. BMO Capital Markets increased their price target on Waste Management from $245.00 to $248.00 and gave the stock a "market perform" rating in a report on Wednesday, July 30th. Raymond James Financial increased their price target on Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Wall Street Zen upgraded Waste Management from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Finally, HSBC upgraded Waste Management from a "hold" rating to a "buy" rating and raised their target price for the company from $210.00 to $265.00 in a research note on Friday, April 25th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and an average price target of $254.35.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.