Valeo Financial Advisors LLC Grows Position in Waste Management, Inc. (NYSE:WM)

Valeo Financial Advisors LLC lifted its position in Waste Management, Inc. (NYSE:WM - Free Report) by 16.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,883 shares of the business services provider's stock after purchasing an additional 1,563 shares during the period. Valeo Financial Advisors LLC's holdings in Waste Management were worth $2,520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in WM. Westend Capital Management LLC increased its stake in Waste Management by 126.9% during the 1st 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 boosted its holdings in shares of Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock valued at $28,000 after acquiring an additional 49 shares during the last quarter. Transce3nd LLC bought a new stake in shares of Waste Management during the 4th quarter valued at about $28,000. Hurley Capital LLC bought a new stake in shares of Waste Management during the 4th quarter valued at about $34,000. Finally, Fairway Wealth LLC grew its stake in shares of Waste Management by 87.6% during the 4th quarter. Fairway Wealth LLC now owns 197 shares of the business services provider's stock valued at $40,000 after purchasing an additional 92 shares during the period. Institutional investors own 80.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on Waste Management from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. BMO Capital Markets upped 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. JPMorgan Chase & Co. raised Waste Management from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $225.00 to $277.00 in a report on Friday, May 23rd. Oppenheimer increased their price target on Waste Management from $255.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Scotiabank increased their price target on Waste Management from $260.00 to $265.00 and gave the company a "sector outperform" rating in a report on Friday, June 27th. Eight investment 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's stock. According to MarketBeat, Waste Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.29.

Waste Management Price Performance

WM traded down $0.22 during trading on Thursday, hitting $225.53. The company's stock had a trading volume of 611,827 shares, compared to its average volume of 1,627,616. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65. The business's fifty day simple moving average is $232.60 and its 200 day simple moving average is $225.29. The firm has a market capitalization of $90.76 billion, a price-to-earnings ratio of 34.06, a P/E/G ratio of 2.98 and a beta of 0.64. 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 announced its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, topping 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 firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter last year, the business posted $1.75 earnings per share. The firm's revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid 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 yield of 1.46%. Waste Management's payout ratio is 49.77%.

Insider Buying and Selling at Waste Management

In related news, SVP Rafael Carrasco sold 674 shares of the company'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 sale, the senior vice president owned 16,542 shares in the company, valued at $3,917,311.02. This represents a 3.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Devina A. Rankin sold 57,888 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 83,934 shares in the company, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Waste Management Company Profile

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.