Kintegral Advisory LLC decreased its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. IFM Investors Pty Ltd boosted its position in shares of Waste Management by 23.2% during the first quarter. IFM Investors Pty Ltd now owns 83,943 shares of the business services provider's stock worth $19,434,000 after buying an additional 15,813 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in Waste Management by 2.5% in the first quarter. OneDigital Investment Advisors LLC now owns 16,367 shares of the business services provider's stock valued at $3,789,000 after purchasing an additional 404 shares during the period. Hartline Investment Corp boosted its holdings in Waste Management by 11.3% in the first quarter. Hartline Investment Corp now owns 13,311 shares of the business services provider's stock valued at $3,082,000 after purchasing an additional 1,353 shares during the period. Avantax Planning Partners Inc. lifted its holdings in Waste Management by 9.9% during the 1st quarter. Avantax Planning Partners Inc. now owns 3,657 shares of the business services provider's stock worth $847,000 after buying an additional 328 shares during the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in Waste Management by 69.0% during the 1st quarter. Silver Oak Securities Incorporated now owns 8,650 shares of the business services provider's stock worth $1,972,000 after buying an additional 3,531 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Waste Management
In other news, CFO Devina A. Rankin sold 57,888 shares of the firm'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 sale, the chief financial officer owned 83,934 shares in the company, valued at $19,922,574.24. This trade represents a 40.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $159,609.94. Following the sale, the senior vice president owned 16,542 shares in the company, valued at $3,917,311.02. This trade represents a 3.91% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.
Waste Management Price Performance
Waste Management stock traded up $3.04 during mid-day trading on Friday, hitting $226.43. 1,525,978 shares of the company were exchanged, compared to its average volume of 1,625,495. 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 business's 50 day simple moving average is $232.87 and its two-hundred day simple moving average is $225.01. The company has a market capitalization of $91.12 billion, a P/E ratio of 34.15, a PEG ratio of 3.00 and a beta of 0.64. 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 released its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 35.67% and a net margin of 11.67%. Waste Management's revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 earnings per share. Analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.
Waste Management Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, June 6th. Waste Management's payout ratio is 49.77%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $229.00 price target on shares of Waste Management in a report on Thursday, June 26th. Hsbc Global Res raised Waste Management from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Robert W. Baird boosted their price target on Waste Management from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Seaport Res Ptn upgraded Waste Management to a "hold" rating in a research report on Tuesday, May 6th. Finally, William Blair restated an "outperform" rating on shares of Waste Management in a research report on Wednesday, June 25th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $251.00.
Check Out Our Latest Stock Analysis on Waste Management
Waste Management Company Profile
(
Free Report)
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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