Grandview Asset Management LLC Has $3.74 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Grandview Asset Management LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 12.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,135 shares of the business services provider's stock after buying an additional 1,803 shares during the quarter. Waste Management comprises about 1.4% of Grandview Asset Management LLC's portfolio, making the stock its 16th largest holding. Grandview Asset Management LLC's holdings in Waste Management were worth $3,735,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of WM. Transce3nd LLC acquired a new stake in Waste Management in the 4th quarter worth about $28,000. West Branch Capital LLC increased its holdings in Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock valued at $28,000 after buying an additional 49 shares during the period. Halbert Hargrove Global Advisors LLC bought a new position in Waste Management in the 4th quarter valued at about $33,000. Hurley Capital LLC bought a new position in Waste Management in the 4th quarter valued at about $34,000. Finally, Sierra Ocean LLC bought a new position in Waste Management in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Price Performance

Shares of NYSE WM opened at $234.11 on Wednesday. The firm's 50-day moving average price is $232.71 and its 200-day moving average price is $223.88. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $242.58. The firm has a market capitalization of $94.21 billion, a P/E ratio of 35.31, a P/E/G ratio of 3.10 and a beta of 0.66. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, beating 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 analyst estimates of $6.14 billion. During the same quarter in the prior year, the business earned $1.75 earnings per share. The business's quarterly revenue was up 16.7% compared to the same quarter last year. Equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.825 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.41%. Waste Management's dividend payout ratio is presently 49.77%.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 674 shares of the 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 now owns 16,542 shares in the company, valued at approximately $3,917,311.02. This trade represents a 3.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 83,934 shares of the company's stock, valued at approximately $19,922,574.24. This trade represents a 40.82% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on WM shares. Wall Street Zen raised shares of Waste Management from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Melius Research raised shares of Waste Management to a "strong-buy" rating and set a $263.00 price target on the stock in a report on Monday, June 9th. CIBC lifted their price target on shares of Waste Management from $227.00 to $247.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Seaport Res Ptn raised shares of Waste Management to a "hold" rating in a report on Tuesday, May 6th. Finally, Citigroup lifted their price target on shares of Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a 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 given a strong buy rating to the stock. According to data from MarketBeat, Waste Management presently has an average rating of "Moderate Buy" and a consensus target price of $248.00.

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.

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