Calamos Advisors LLC Has $65.63 Million Holdings in Waste Management, Inc. (NYSE:WM)

Calamos Advisors LLC lifted its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 283,500 shares of the business services provider's stock after purchasing an additional 7,751 shares during the period. Calamos Advisors LLC owned 0.07% of Waste Management worth $65,633,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its stake in Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider's stock valued at $781,000 after buying an additional 44 shares during the last quarter. Ascent Group LLC grew its stake in Waste Management by 0.6% in the 4th quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock valued at $1,520,000 after buying an additional 44 shares during the last quarter. Insight Wealth Strategies LLC grew its stake in Waste Management by 0.4% in the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider's stock valued at $2,698,000 after buying an additional 44 shares during the last quarter. Stonebridge Financial Group LLC grew its stake in Waste Management by 3.0% in the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock valued at $355,000 after buying an additional 45 shares during the last quarter. Finally, Covestor Ltd grew its stake in Waste Management by 8.2% in the 4th quarter. Covestor Ltd now owns 609 shares of the business services provider's stock valued at $123,000 after buying an additional 46 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. BMO Capital Markets upped 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 note on Wednesday, June 25th. Scotiabank increased their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock a "sector outperform" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. upgraded shares of Waste Management from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $225.00 to $277.00 in a research report on Friday, May 23rd. Melius Research upgraded shares of Waste Management to a "strong-buy" rating and set a $263.00 target price on the stock in a research report on Monday, June 9th. Finally, Citigroup increased their target price on shares of Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $251.00.

Insider Activity

In other news, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total transaction of $159,609.94. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Devina A. Rankin sold 57,888 shares of the business's stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 83,934 shares in the company, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Waste Management Price Performance

Shares of WM stock traded up $3.04 on Friday, reaching $226.43. The company had a trading volume of 1,525,978 shares, compared to its average volume of 1,625,583. The business's 50-day moving average is $232.91 and its 200 day moving average is $224.75. Waste Management, Inc. has a one year low of $196.59 and a one year high of $242.58. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $91.12 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 3.00 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last issued 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. The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.14 billion. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. The firm's revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.75 EPS. Equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

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

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.