Waste Management, Inc. (NYSE:WM) Shares Acquired by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA grew its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,698 shares of the business services provider's stock after buying an additional 2,283 shares during the period. Waste Management accounts for 2.2% of Baldwin Wealth Partners LLC MA's investment portfolio, making the stock its 11th largest holding. Baldwin Wealth Partners LLC MA's holdings in Waste Management were worth $31,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of WM. Transce3nd LLC purchased a new position in Waste Management during the 4th quarter worth $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Waste Management in the 4th quarter valued at about $33,000. Hurley Capital LLC purchased a new position in shares of Waste Management in the 4th quarter valued at about $34,000. Pineridge Advisors LLC purchased a new position in shares of Waste Management in the 4th quarter valued at about $35,000. Finally, Sierra Ocean LLC purchased a new position in shares of Waste Management in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of Waste Management from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. UBS Group increased their price objective on shares of Waste Management from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Hsbc Global Res raised shares of Waste Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. National Bank Financial raised shares of Waste Management to a "hold" rating in a research note on Monday, May 26th. Finally, Seaport Res Ptn raised shares of Waste Management to a "hold" rating in a research note on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $247.06.

Insider Activity at Waste Management

In other news, 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 transaction of $13,740,295.68. Following the sale, the chief financial officer now owns 83,934 shares in the company, valued at $19,922,574.24. This represents a 40.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Rafael Carrasco sold 674 shares of the 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 completion of the sale, 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. 0.18% of the stock is owned by insiders.

Waste Management Stock Performance

Waste Management stock opened at $236.33 on Monday. The stock has a 50-day simple moving average of $231.31 and a 200 day simple moving average of $223.48. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $242.58. The stock has a market capitalization of $95.10 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 2.71 and a beta of 0.66.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $6.02 billion during the quarter, compared to analysts' expectations of $6.14 billion. Waste Management had a return on equity of 37.93% and a net margin of 12.45%. The firm's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 earnings per share. On average, research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed 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 is Friday, June 6th. This represents a $3.30 annualized dividend and a dividend yield of 1.40%. Waste Management's dividend payout ratio is presently 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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