Los Angeles Capital Management LLC Has $48.14 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Los Angeles Capital Management LLC lowered its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 66.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 207,929 shares of the business services provider's stock after selling 407,873 shares during the period. Los Angeles Capital Management LLC owned approximately 0.05% of Waste Management worth $48,138,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WM. Brighton Jones LLC raised its stake in shares of Waste Management by 51.1% during 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 during the period. Golden State Wealth Management LLC grew its position in Waste Management by 41.7% during the first quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider's stock worth $183,000 after buying an additional 232 shares in the last quarter. Calamos Advisors LLC grew its position in Waste Management by 2.8% during the first quarter. Calamos Advisors LLC now owns 283,500 shares of the business services provider's stock worth $65,633,000 after buying an additional 7,751 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Waste Management by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider's stock worth $137,108,000 after buying an additional 24,023 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Waste Management by 13.1% during the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock worth $1,909,000 after buying an additional 958 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of research reports. Melius initiated coverage on Waste Management in a report on Monday, June 9th. They issued a "buy" rating for the company. Citigroup boosted their target price on Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. CIBC upped their price target on Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. upgraded Waste Management from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $225.00 to $277.00 in a report on Friday, May 23rd. Finally, National Bank Financial upgraded Waste Management to a "hold" rating in a report on Monday, May 26th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $251.29.

Waste Management Trading Up 0.6%

Shares of Waste Management stock opened at $227.13 on Friday. The firm has a market cap of $91.40 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.82 and a beta of 0.64. The business has a 50-day moving average price of $231.54 and a 200-day moving average price of $226.55. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 2.65. Waste Management, Inc. has a twelve month low of $196.59 and a twelve 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 EPS 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 analyst estimates of $6.14 billion. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The firm's revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $1.75 earnings per share. Equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. Waste Management's payout ratio is 49.77%.

Insider Buying and Selling

In other news, CFO Devina A. Rankin sold 57,888 shares of the business's 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 sale, the chief financial officer directly owned 83,934 shares of the company's stock, valued at $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the company'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 completion of the sale, the senior vice president directly owned 16,542 shares in the company, valued at approximately $3,917,311.02. The trade was a 3.91% decrease in their ownership of the stock. 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.

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