Stillwater Wealth Management Group Acquires 1,319 Shares of Waste Management, Inc. (NYSE:WM)

Stillwater Wealth Management Group grew its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,374 shares of the business services provider's stock after purchasing an additional 1,319 shares during the period. Waste Management makes up 2.9% of Stillwater Wealth Management Group's investment portfolio, making the stock its 10th largest position. Stillwater Wealth Management Group's holdings in Waste Management were worth $3,328,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its stake in Waste Management by 1.2% during the 4th 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 last quarter. Ascent Group LLC increased its holdings in Waste Management by 0.6% during the 4th quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock valued at $1,520,000 after acquiring an additional 44 shares in the last quarter. Insight Wealth Strategies LLC lifted its holdings 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 purchasing an additional 44 shares in the last quarter. Stonebridge Financial Group LLC grew its position in shares of Waste Management by 3.0% in the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock valued at $355,000 after purchasing an additional 45 shares during the period. Finally, Covestor Ltd grew its position in shares of Waste Management by 8.2% in the fourth quarter. Covestor Ltd now owns 609 shares of the business services provider's stock valued at $123,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WM shares. Wall Street Zen upgraded Waste Management from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Oppenheimer lifted their price objective on Waste Management from $255.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday. Citigroup lifted their price objective on Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. William Blair restated an "outperform" rating on shares of Waste Management in a report on Wednesday, June 25th. Finally, BMO Capital Markets lifted their price objective on Waste Management from $241.00 to $245.00 and gave the stock a "market perform" rating in a report on Wednesday, June 25th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $251.29.

Waste Management Stock Up 0.1%

Waste Management stock traded up $0.25 during mid-day trading on Friday, hitting $225.90. The company's stock had a trading volume of 1,696,881 shares, compared to its average volume of 1,634,195. The firm's 50 day moving average is $232.28 and its 200 day moving average is $225.58. The company has a market cap of $90.90 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 2.99 and a beta of 0.64. 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, Inc. has a 52-week low of $196.59 and a 52-week high of $242.58.

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 (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.08. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the prior year, the business earned $1.75 EPS. The business's revenue for the quarter was up 16.7% on a year-over-year basis. On average, analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, June 6th. Waste Management's payout ratio is 49.77%.

Insider Buying and Selling

In related news, SVP Rafael Carrasco sold 674 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 16,542 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, CFO Devina A. Rankin sold 57,888 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the completion of the transaction, the chief financial officer directly owned 83,934 shares in the company, valued at $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

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.