Kintegral Advisory LLC Sells 1,162 Shares of Waste Management, Inc. (NYSE:WM)

Kintegral Advisory LLC lessened its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 32.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,374 shares of the business services provider's stock after selling 1,162 shares during the quarter. Kintegral Advisory LLC's holdings in Waste Management were worth $550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its position in shares of Waste Management by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider's stock worth $781,000 after buying an additional 44 shares during the period. Ascent Group LLC grew its position in Waste Management by 0.6% during the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock valued at $1,520,000 after purchasing an additional 44 shares in the last quarter. Insight Wealth Strategies LLC increased 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 period. Stonebridge Financial Group LLC lifted its position 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 worth $355,000 after buying an additional 45 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Waste Management by 8.2% during 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 period. Institutional investors own 80.40% of the company's stock.

Analyst Upgrades and Downgrades

WM has been the topic of a number of research reports. Melius started coverage on Waste Management in a report on Monday, June 9th. They issued a "buy" rating on the stock. Oppenheimer lifted their price objective on shares of Waste Management from $251.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. National Bank Financial raised Waste Management to a "hold" rating in a report on Monday, May 26th. Citigroup boosted their target price on Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded Waste Management from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Eight equities research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $251.00.

Waste Management Stock Up 1.4%

Shares of Waste Management stock traded up $3.04 during trading on Friday, reaching $226.43. 1,525,978 shares of the company traded hands, compared to its average volume of 1,625,583. The firm has a market capitalization of $91.12 billion, a PE ratio of 34.15, a P/E/G ratio of 3.00 and a beta of 0.64. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $242.58. The company has a 50 day moving average price of $232.87 and a 200-day moving average price of $224.87. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.83 and a quick ratio of 0.79.

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

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders 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 payout ratio is 49.77%.

Insider Buying and Selling

In other news, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction dated 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 owned 16,542 shares in the company, valued at approximately $3,917,311.02. This trade represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Devina A. Rankin sold 57,888 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 83,934 shares of the company's stock, 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.

About Waste Management

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.