Moody Lynn & Lieberson LLC Raises Holdings in Waste Management, Inc. (NYSE:WM)

Moody Lynn & Lieberson LLC lifted its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 0.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 188,916 shares of the business services provider's stock after purchasing an additional 1,288 shares during the period. Waste Management comprises approximately 2.8% of Moody Lynn & Lieberson LLC's holdings, making the stock its 12th biggest position. Moody Lynn & Lieberson LLC's holdings in Waste Management were worth $43,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after buying an additional 2,320 shares during the period. Mission Wealth Management LP increased its position in shares of Waste Management by 811.1% during the 4th quarter. Mission Wealth Management LP now owns 9,102 shares of the business services provider's stock valued at $1,837,000 after purchasing an additional 8,103 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Waste Management by 4.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider's stock valued at $137,108,000 after buying an additional 24,023 shares during the period. Mizuho Securities USA LLC lifted its position in Waste Management by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 34,617 shares of the business services provider's stock worth $6,985,000 after buying an additional 10,936 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Waste Management by 13.1% during the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock worth $1,909,000 after buying an additional 958 shares during the period. Hedge funds and other institutional investors own 80.40% of the company's stock.

Insider Activity

In other news, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction that occurred 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 owned 16,542 shares of the company's stock, 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 is accessible through this link. Also, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction that occurred 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 directly owned 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 disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Waste Management Stock Up 1.4%

WM stock traded up $3.04 during trading on Friday, hitting $226.43. 1,525,978 shares of the company's stock traded hands, compared to its average volume of 1,625,495. The firm has a market capitalization of $91.12 billion, a P/E ratio of 34.15, a PEG ratio of 3.00 and a beta of 0.64. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $242.58. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 2.65. The business has a fifty day simple moving average of $232.87 and a two-hundred day simple moving average of $225.01.

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, beating analysts' consensus estimates of $1.59 by $0.08. The business had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.14 billion. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The business's revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $1.75 EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.825 dividend. 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 dividend payout ratio is presently 49.77%.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of recent analyst reports. Melius assumed coverage on shares of Waste Management in a research report on Monday, June 9th. They issued a "buy" rating on the stock. CIBC increased their price target on Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Royal Bank Of Canada restated a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. HSBC upgraded Waste Management from a "hold" rating to a "buy" rating and increased their target price for the stock from $210.00 to $265.00 in a research note on Friday, April 25th. Finally, Seaport Res Ptn upgraded shares of Waste Management to a "hold" rating in a report on Tuesday, May 6th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $251.00.

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.