Insigneo Advisory Services LLC Buys 1,364 Shares of Waste Management, Inc. (NYSE:WM)

Insigneo Advisory Services LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 38.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,868 shares of the business services provider's stock after purchasing an additional 1,364 shares during the quarter. Insigneo Advisory Services LLC's holdings in Waste Management were worth $1,127,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Transce3nd LLC bought a new position in shares of Waste Management in the fourth quarter valued at $28,000. West Branch Capital LLC raised its holdings in shares of Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock worth $28,000 after acquiring an additional 49 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in Waste Management in the 4th quarter valued at about $33,000. Hurley Capital LLC acquired a new position in Waste Management during the 4th quarter valued at about $34,000. Finally, Sierra Ocean LLC bought a new stake in Waste Management during the 4th quarter worth approximately $36,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Down 0.2%

Shares of NYSE WM opened at $234.11 on Wednesday. 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 business has a 50-day moving average of $232.71 and a 200-day moving average of $223.88. The firm has a market capitalization of $94.21 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 3.10 and a beta of 0.66. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.08. The company 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 period in the previous year, the firm posted $1.75 EPS. Sell-side analysts expect 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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, June 6th. Waste Management's dividend payout ratio is currently 49.77%.

Analysts Set New Price Targets

Several brokerages have recently commented on WM. JPMorgan Chase & Co. upgraded shares of Waste Management from a "neutral" rating to an "overweight" rating and increased their target price for the company from $225.00 to $277.00 in a report on Friday, May 23rd. HSBC upgraded shares of Waste Management from a "hold" rating to a "buy" rating and increased their price objective for the company from $210.00 to $265.00 in a research note on Friday, April 25th. Royal Bank Of Canada lifted their target price on shares of Waste Management from $227.00 to $229.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Wall Street Zen raised Waste Management from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Finally, Hsbc Global Res raised Waste Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $248.00.

Insider Buying and Selling

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction on 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 $19,922,574.24. This represents a 40.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Rafael Carrasco sold 674 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the sale, the senior vice president now directly 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 disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

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.

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