TD Private Client Wealth LLC Has $1.65 Million Stake in Waste Management, Inc. (NYSE:WM)

TD Private Client Wealth LLC decreased its position in Waste Management, Inc. (NYSE:WM - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,122 shares of the business services provider's stock after selling 1,560 shares during the period. TD Private Client Wealth LLC's holdings in Waste Management were worth $1,649,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Westend Capital Management LLC increased its stake in Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. West Branch Capital LLC increased its position in shares of Waste Management by 69.0% during the first 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 in the last quarter. Transce3nd LLC bought a new stake in shares of Waste Management during the fourth quarter worth about $28,000. Hurley Capital LLC bought a new stake in shares of Waste Management during the fourth quarter worth about $34,000. Finally, Fairway Wealth LLC increased its position in shares of Waste Management by 87.6% during the fourth quarter. Fairway Wealth LLC now owns 197 shares of the business services provider's stock worth $40,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Insider Activity

In related news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction dated 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 transaction, the chief financial officer directly owned 83,934 shares of the company's stock, valued at $19,922,574.24. This trade represents a 40.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

WM has been the subject of several recent research reports. Melius Research raised shares of Waste Management to a "strong-buy" rating and set a $263.00 target price for the company in a research report on Monday, June 9th. National Bank Financial raised shares of Waste Management to a "hold" rating in a research report on Monday, May 26th. Citigroup boosted their price target on shares of Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. UBS Group boosted their price target on shares of Waste Management from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Finally, Melius assumed coverage on shares of Waste Management in a report on Monday, June 9th. They set a "buy" rating on the stock. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $251.00.

Waste Management Price Performance

Shares of Waste Management stock opened at $224.82 on Wednesday. The firm has a market cap of $90.47 billion, a PE ratio of 33.91, a price-to-earnings-growth 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. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 2.65. The company's fifty day simple moving average is $232.75 and its two-hundred day simple moving average is $225.29.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $6.02 billion for 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%. The company's revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 EPS. As a group, equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 annualized dividend and a dividend yield of 1.47%. Waste Management's dividend payout ratio is 49.77%.

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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