Valeo Financial Advisors LLC grew its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 16.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,883 shares of the business services provider's stock after acquiring an additional 1,563 shares during the quarter. Valeo Financial Advisors LLC's holdings in Waste Management were worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in Waste Management by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider's stock valued at $781,000 after acquiring an additional 44 shares during the last quarter. Ascent Group LLC boosted its stake in shares of Waste Management by 0.6% during the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock valued at $1,520,000 after purchasing an additional 44 shares in the last quarter. Insight Wealth Strategies LLC boosted its stake in shares of Waste Management by 0.4% during the first 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 boosted its stake in shares of Waste Management by 3.0% during 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 in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Waste Management by 8.2% during 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 in the last quarter. 80.40% of the stock is owned by institutional investors.
Insider Buying and Selling at Waste Management
In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of the business's 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 owned 83,934 shares of the company's stock, valued at approximately $19,922,574.24. The trade was 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 accessible through this link. 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 value of $159,609.94. Following the transaction, the senior vice president directly owned 16,542 shares in the company, valued at $3,917,311.02. This represents a 3.91% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.
Waste Management Stock Up 0.1%
Waste Management stock traded up $0.25 during trading on Friday, hitting $225.90. 1,696,881 shares of the company were exchanged, compared to its average volume of 1,636,011. The business's 50 day moving average is $232.28 and its 200 day moving average is $225.73. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $242.58. The company has a market capitalization of $90.90 billion, a P/E ratio of 34.07, a PEG ratio of 2.99 and a beta of 0.64. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65.
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 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 business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. Waste Management's revenue was up 16.7% compared to the same quarter last year. Analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.
Waste Management Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders 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 yield of 1.46%. Waste Management's dividend payout ratio is currently 49.77%.
Wall Street Analysts Forecast Growth
WM has been the topic of a number of recent research reports. CIBC lifted their price target on Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. Scotiabank lifted their price objective on Waste Management from $260.00 to $265.00 and gave the stock a "sector outperform" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. raised Waste Management from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $225.00 to $277.00 in a research note on Friday, May 23rd. Citigroup lifted their price objective on Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Robert W. Baird lifted their price objective on Waste Management from $235.00 to $245.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Eight investment 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 stock. According to MarketBeat, Waste Management presently has a consensus rating of "Moderate Buy" and an average price target of $251.29.
View Our Latest Stock Report on Waste Management
Waste Management 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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