Dale Q Rice Investment Management Ltd Invests $275,000 in Waste Management, Inc. (NYSE:WM)

Dale Q Rice Investment Management Ltd 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 SEC. The institutional investor purchased 1,188 shares of the business services provider's stock, valued at approximately $275,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Waste Management by 51.1% in the 4th 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. Mission Wealth Management LP boosted its stake in Waste Management by 811.1% during the 4th quarter. Mission Wealth Management LP now owns 9,102 shares of the business services provider's stock valued at $1,837,000 after acquiring an additional 8,103 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Waste Management by 4.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider's stock worth $137,108,000 after acquiring an additional 24,023 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of Waste Management by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 34,617 shares of the business services provider's stock worth $6,985,000 after purchasing an additional 10,936 shares during the last quarter. Finally, Fjell Capital LLC bought a new position in shares of Waste Management during the fourth quarter worth about $1,124,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analyst Weigh In

WM has been the topic of several research reports. Scotiabank upped their price objective on Waste Management from $255.00 to $260.00 and gave the company a "sector outperform" rating in a research note on Tuesday, April 8th. Robert W. Baird raised their price objective on Waste Management from $235.00 to $245.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. UBS Group boosted their target price on shares of Waste Management from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. CIBC raised their price target on shares of Waste Management from $227.00 to $247.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Finally, Citigroup boosted their price objective on shares of Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $248.00.

Insider Buying and Selling at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 674 shares of the business's 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 sale, the senior vice president now directly owns 16,542 shares of the company's stock, valued at $3,917,311.02. The trade was a 3.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the transaction, the chief financial officer now owns 83,934 shares in the company, valued at $19,922,574.24. This represents a 40.82% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Waste Management Price Performance

Shares of WM traded down $0.31 during midday trading on Tuesday, reaching $234.40. The stock had a trading volume of 1,576,697 shares, compared to its average volume of 1,617,176. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.83 and a quick ratio of 0.79. The company has a market capitalization of $94.33 billion, a P/E ratio of 35.36, a P/E/G ratio of 3.07 and a beta of 0.66. The firm's 50 day moving average price is $233.12 and its 200-day moving average price is $224.13. 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 issued its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.59 by $0.08. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. The firm had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $6.14 billion. During the same period in the previous year, the business earned $1.75 earnings per share. Waste Management's revenue for the quarter was up 16.7% compared to the same quarter last year. On average, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared 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 1.41%. Waste Management's dividend payout ratio (DPR) is 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.