Waste Management, Inc. (NYSE:WM) Shares Acquired by McDonough Capital Management Inc

McDonough Capital Management Inc boosted its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 27,711 shares of the business services provider's stock after purchasing an additional 1,142 shares during the period. Waste Management makes up approximately 4.2% of McDonough Capital Management Inc's portfolio, making the stock its 9th biggest holding. McDonough Capital Management Inc's holdings in Waste Management were worth $6,415,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Transce3nd LLC purchased a new stake in shares of Waste Management during the fourth quarter worth about $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Waste Management during the fourth quarter worth about $33,000. Hurley Capital LLC acquired a new position in Waste Management in the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC purchased a new position in shares of Waste Management during the 4th quarter worth $35,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Waste Management during the fourth quarter valued at about $36,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction on 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 sale, the chief financial officer now owns 83,934 shares of the company's stock, valued at $19,922,574.24. The trade was a 40.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Rafael Carrasco sold 674 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the completion of the transaction, the senior vice president now owns 16,542 shares in the company, valued at approximately $3,917,311.02. This trade represents a 3.91% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Waste Management Price Performance

Shares of NYSE:WM traded down $2.40 during midday trading on Monday, hitting $233.94. 1,305,758 shares of the stock were exchanged, compared to its average volume of 1,745,117. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The stock has a market cap of $94.14 billion, a P/E ratio of 34.40, a PEG ratio of 2.71 and a beta of 0.66. The company has a 50 day moving average price of $231.31 and a 200-day moving average price of $223.48. 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 posted its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, beating 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 return on equity of 37.93% and a net margin of 12.45%. The business's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 earnings per share. On average, research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.30 annualized dividend and a dividend yield of 1.41%. Waste Management's dividend payout ratio is presently 49.77%.

Analyst Ratings Changes

WM has been the topic of several research reports. Citigroup raised their target price on Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised Waste Management from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $225.00 to $277.00 in a report on Friday, May 23rd. William Blair reiterated an "outperform" rating on shares of Waste Management in a research note on Tuesday, April 29th. CIBC increased their price objective on Waste Management from $227.00 to $247.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Finally, Wall Street Zen upgraded Waste Management from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Nine analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.00.

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.