Waste Management, Inc. (NYSE:WM) Shares Purchased by Guerra Advisors Inc

Guerra Advisors Inc raised its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 87.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,675 shares of the business services provider's stock after buying an additional 2,185 shares during the quarter. Guerra Advisors Inc's holdings in Waste Management were worth $1,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock valued at $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Waste Management by 14.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider's stock valued at $25,193,000 after purchasing an additional 15,974 shares during the last quarter. Versor Investments LP bought a new position in shares of Waste Management during the fourth quarter valued at approximately $242,000. Verus Capital Partners LLC grew its holdings in shares of Waste Management by 11.2% during the fourth quarter. Verus Capital Partners LLC now owns 3,684 shares of the business services provider's stock valued at $743,000 after purchasing an additional 371 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Waste Management by 14.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,336 shares of the business services provider's stock valued at $471,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on WM shares. Wall Street Zen raised Waste Management from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. CIBC upped their target price on Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday. Citigroup increased their price objective on Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Scotiabank increased their price objective on Waste Management from $260.00 to $265.00 and gave the stock a "sector outperform" rating in a report on Friday. Finally, UBS Group increased their price objective on Waste Management from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $251.00.

Insider Activity

In other news, SVP Rafael Carrasco sold 674 shares of the stock in a transaction on 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 now owns 16,542 shares in the company, valued at approximately $3,917,311.02. This represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction 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 sale, the chief financial officer now owns 83,934 shares of the company's stock, valued at $19,922,574.24. This trade 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 Stock Performance

WM opened at $228.14 on Friday. The company has a market capitalization of $91.81 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 3.02 and a beta of 0.66. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.83 and a quick ratio of 0.79. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $242.58. The business has a 50 day moving average price of $233.03 and a two-hundred day moving average price of $224.45.

Waste Management (NYSE:WM - Get Free Report) last released its earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.08. The firm had revenue of $6.02 billion during 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 firm's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 earnings per share. Research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a dividend of $0.825 per share. The ex-dividend date was Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. Waste Management's dividend payout ratio (DPR) is presently 49.77%.

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.

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