TLW Wealth Management LLC Has $13.69 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

TLW Wealth Management LLC boosted its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 6.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,127 shares of the business services provider's stock after purchasing an additional 3,494 shares during the quarter. Waste Management accounts for about 8.2% of TLW Wealth Management LLC's portfolio, making the stock its 6th largest holding. TLW Wealth Management LLC's holdings in Waste Management were worth $13,688,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WM. Meadow Creek Wealth Advisors LLC bought a new position in Waste Management in the 1st quarter valued at about $205,000. Rossby Financial LCC acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $287,000. DAVENPORT & Co LLC increased its stake in Waste Management by 5.9% in the first quarter. DAVENPORT & Co LLC now owns 36,004 shares of the business services provider's stock valued at $8,335,000 after acquiring an additional 2,001 shares during the last quarter. Summit Trail Advisors LLC raised its position in Waste Management by 10.8% during the first quarter. Summit Trail Advisors LLC now owns 8,994 shares of the business services provider's stock valued at $2,082,000 after purchasing an additional 875 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Waste Management by 4.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,454 shares of the business services provider's stock worth $13,764,000 after purchasing an additional 2,554 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WM shares. Wall Street Zen raised Waste Management from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. UBS Group lifted their price target on shares of Waste Management from $240.00 to $250.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Robert W. Baird raised their target price on shares of Waste Management from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Melius Research upgraded shares of Waste Management to a "strong-buy" rating and set a $263.00 price target for the company in a report on Monday, June 9th. Finally, Oppenheimer raised their price objective on Waste Management from $251.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Eight 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $251.00.

Insider Transactions at Waste Management

In related news, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total value of $13,740,295.68. Following the transaction, the chief financial officer directly owned 83,934 shares in the company, valued at $19,922,574.24. This trade represents a 40.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Rafael Carrasco sold 674 shares of the business'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 sale, the senior vice president owned 16,542 shares of the company's stock, 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. 0.18% of the stock is owned by corporate insiders.

Waste Management Trading Up 1.4%

Waste Management stock traded up $3.04 during mid-day trading on Thursday, hitting $226.43. 1,525,978 shares of the stock were exchanged, compared to its average volume of 1,625,583. The stock has a market capitalization of $91.12 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.96 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 firm's fifty day simple moving average is $232.91 and its two-hundred day simple moving average is $224.75.

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, beating analysts' consensus estimates of $1.59 by $0.08. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the previous year, the business earned $1.75 EPS. The firm's revenue was up 16.7% compared to the same quarter last year. Analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

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