1,302 Shares in Waste Management, Inc. (NYSE:WM) Bought by IFG Advisory LLC

IFG Advisory LLC purchased a new position in Waste Management, Inc. (NYSE:WM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,302 shares of the business services provider's stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WM. Ameriprise Financial Inc. boosted its holdings in Waste Management by 5.8% in the fourth quarter. Ameriprise Financial Inc. now owns 4,076,447 shares of the business services provider's stock worth $822,588,000 after purchasing an additional 224,279 shares during the period. Northern Trust Corp boosted its holdings in Waste Management by 13.2% in the fourth quarter. Northern Trust Corp now owns 3,996,773 shares of the business services provider's stock worth $806,509,000 after purchasing an additional 465,789 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Waste Management by 7.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,633,710 shares of the business services provider's stock worth $531,456,000 after purchasing an additional 177,398 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Waste Management by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,426,067 shares of the business services provider's stock valued at $489,570,000 after acquiring an additional 170,046 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Waste Management by 0.8% during the fourth quarter. Deutsche Bank AG now owns 2,104,650 shares of the business services provider's stock valued at $424,697,000 after acquiring an additional 16,739 shares during the period. Institutional investors own 80.40% of the company's stock.

Analyst Ratings Changes

WM has been the subject of several analyst reports. Melius initiated coverage on shares of Waste Management in a report on Monday, June 9th. They set a "buy" rating for the company. William Blair reissued an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. Raymond James Financial boosted their price target on shares of Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Scotiabank boosted their price target on shares of Waste Management from $265.00 to $275.00 and gave the company a "sector outperform" rating in a report on Thursday, July 31st. Finally, UBS Group boosted their price target on shares of Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $254.35.

Insider Activity

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the sale, the chief financial officer owned 83,934 shares in the company, valued at approximately $19,922,574.24. The trade was a 40.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the sale, the senior vice president owned 16,542 shares in the company, valued at approximately $3,917,311.02. The trade was 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

Shares of Waste Management stock opened at $230.47 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The company's 50-day moving average price is $231.36 and its two-hundred day moving average price is $228.51. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The stock has a market cap of $92.84 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64.

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

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, June 6th. Waste Management's payout ratio is presently 48.96%.

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.