NBC Securities Inc. Buys 4,558 Shares of Waste Management, Inc. (NYSE:WM)

NBC Securities Inc. increased its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 113,950.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,562 shares of the business services provider's stock after buying an additional 4,558 shares during the quarter. NBC Securities Inc.'s holdings in Waste Management were worth $1,056,000 at the end of the most recent reporting period.

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

Waste Management Trading Down 0.2%

NYSE:WM traded down $0.52 on Thursday, reaching $238.37. The company's stock had a trading volume of 1,040,382 shares, compared to its average volume of 1,635,024. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $242.58. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. The firm has a market cap of $95.92 billion, a PE ratio of 35.05, a PEG ratio of 2.71 and a beta of 0.67. The business's 50-day moving average price is $231.13 and its two-hundred day moving average price is $223.18.

Waste Management (NYSE:WM - Get Free Report) last posted its 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. Waste Management had a return on equity of 37.93% and a net margin of 12.45%. The firm had revenue of $6.02 billion during the quarter, compared to analysts' expectations of $6.14 billion. During the same period in the previous year, the firm earned $1.75 earnings per share. The company's revenue was up 16.7% on a year-over-year basis. Equities 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 announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.825 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a yield of 1.38%. Waste Management's payout ratio is 49.77%.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of research reports. Royal Bank of Canada raised their price target on shares of Waste Management from $227.00 to $229.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. National Bank Financial upgraded Waste Management to a "hold" rating in a research report on Monday, May 26th. UBS Group boosted 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. JPMorgan Chase & Co. upgraded shares of Waste Management from a "neutral" rating to an "overweight" rating and upped their target price for the company from $225.00 to $277.00 in a research report on Friday, May 23rd. Finally, Citigroup lifted their price target on shares of Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Nine 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. Based on data from MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and a consensus target price of $247.06.

Insider Buying and Selling at Waste Management

In other news, CFO Devina A. Rankin sold 57,888 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 83,934 shares of the company's stock, valued at $19,922,574.24. This represents a 40.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the company'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 transaction, the senior vice president now directly owns 16,542 shares of the company's stock, valued at $3,917,311.02. This represents a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,966 shares of company stock valued at $18,486,402. Company insiders own 0.18% of the company's stock.

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.