Axxcess Wealth Management LLC Sells 1,150 Shares of Waste Management, Inc. (NYSE:WM)

Axxcess Wealth Management LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,900 shares of the business services provider's stock after selling 1,150 shares during the period. Axxcess Wealth Management LLC's holdings in Waste Management were worth $2,987,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock valued at $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Golden State Wealth Management LLC increased its position in Waste Management by 41.7% in the 1st quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider's stock valued at $183,000 after buying an additional 232 shares in the last quarter. Calamos Advisors LLC boosted its holdings in Waste Management by 2.8% in the first quarter. Calamos Advisors LLC now owns 283,500 shares of the business services provider's stock worth $65,633,000 after acquiring an additional 7,751 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Waste Management by 4.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider's stock valued at $137,108,000 after acquiring an additional 24,023 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Waste Management by 13.1% during the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock valued at $1,909,000 after acquiring an additional 958 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Insider Transactions at Waste Management

In related 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 value of $13,740,295.68. Following the sale, the chief financial officer directly 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 sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $236.81, for a total value of $159,609.94. Following the completion of the sale, the senior vice president owned 16,542 shares in the company, valued at $3,917,311.02. This represents a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

WM has been the subject of several research reports. Royal Bank Of Canada reissued a "sector perform" rating and issued a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. Melius Research raised shares of Waste Management to a "strong-buy" rating and set a $263.00 price target for the company in a research report on Monday, June 9th. HSBC raised shares of Waste Management from a "hold" rating to a "buy" rating and lifted their price target for the company from $210.00 to $265.00 in a research report on Friday, April 25th. Hsbc Global Res raised shares of Waste Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, BMO Capital Markets lifted their price target on shares of Waste Management from $241.00 to $245.00 and gave the company a "market perform" rating in a research report on Wednesday, June 25th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $251.29.

Waste Management Stock Performance

Shares of WM stock traded down $0.21 during trading hours on Thursday, hitting $225.54. 1,596,353 shares of the company were exchanged, compared to its average volume of 1,632,051. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $90.76 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 2.98 and a beta of 0.64. The firm has a fifty day simple moving average of $232.60 and a 200 day simple moving average of $225.29. Waste Management, Inc. has a 52-week low of $196.59 and a 52-week high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.59 by $0.08. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The business had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the prior year, the business earned $1.75 earnings per share. Waste Management's revenue for the quarter was up 16.7% on a year-over-year basis. Research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Friday, June 6th. Waste Management's dividend payout ratio is currently 49.77%.

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.