Capital Management Associates Inc Has $994,000 Holdings in Waste Management, Inc. (NYSE:WM)

Capital Management Associates Inc grew its position in Waste Management, Inc. (NYSE:WM - Free Report) by 100.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,294 shares of the business services provider's stock after purchasing an additional 2,154 shares during the period. Capital Management Associates Inc's holdings in Waste Management were worth $994,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Westend Capital Management LLC grew its holdings in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after buying an additional 66 shares in the last quarter. West Branch Capital LLC increased its stake in Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock worth $28,000 after acquiring an additional 49 shares during the last quarter. Transce3nd LLC acquired a new stake in Waste Management during the fourth quarter worth $28,000. Hurley Capital LLC acquired a new stake in Waste Management during the fourth quarter worth $34,000. Finally, Fairway Wealth LLC increased its stake in Waste Management by 87.6% during the fourth quarter. Fairway Wealth LLC now owns 197 shares of the business services provider's stock worth $40,000 after acquiring an additional 92 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

WM stock traded down $1.24 during trading hours on Tuesday, hitting $225.68. 497,137 shares of the stock traded hands, compared to its average volume of 1,620,763. The stock has a 50-day simple moving average of $232.83 and a 200 day simple moving average of $225.29. Waste Management, Inc. has a one year low of $196.59 and a one year high of $242.58. The company has a market cap of $90.82 billion, a P/E ratio of 34.05, a P/E/G ratio of 3.00 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 earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, beating 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 analysts' expectations of $6.14 billion. During the same quarter last year, the business posted $1.75 earnings per share. The company's quarterly revenue was up 16.7% on a year-over-year basis. Equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

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 dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a yield of 1.46%. Waste Management's payout ratio is presently 49.77%.

Insider Activity

In other news, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the sale, the senior vice president directly owned 16,542 shares in the company, valued at $3,917,311.02. The trade was a 3.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Devina A. Rankin sold 57,888 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the completion of the transaction, the chief financial officer directly owned 83,934 shares in the company, valued at $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on WM. Oppenheimer raised their target price on Waste Management from $251.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Robert W. Baird raised their price target on Waste Management from $235.00 to $245.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Citigroup raised their price target on Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Seaport Res Ptn upgraded Waste Management to a "hold" rating in a research report on Tuesday, May 6th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $251.00.

Waste Management 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.