Waste Management, Inc. (NYSE:WM) Shares Sold by Leo Wealth LLC

Leo Wealth LLC reduced its position in Waste Management, Inc. (NYSE:WM - Free Report) by 55.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 939 shares of the business services provider's stock after selling 1,175 shares during the period. Leo Wealth LLC's holdings in Waste Management were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Waste Management by 51.1% in the 4th 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. Golden State Wealth Management LLC raised its position in shares of Waste Management by 41.7% in the 1st quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider's stock valued at $183,000 after purchasing an additional 232 shares during the last quarter. Calamos Advisors LLC raised its position in shares of Waste Management by 2.8% in the 1st quarter. Calamos Advisors LLC now owns 283,500 shares of the business services provider's stock valued at $65,633,000 after purchasing an additional 7,751 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Waste Management by 4.2% in 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 purchasing an additional 24,023 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Waste Management by 13.1% in the 1st quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock valued at $1,909,000 after purchasing an additional 958 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of Waste Management 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 sale, the senior vice president directly owned 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. Insiders own 0.18% of the company's stock.

Waste Management Price Performance

Waste Management stock traded down $0.02 during trading on Wednesday, reaching $225.82. The company had a trading volume of 1,276,413 shares, compared to its average volume of 1,632,686. The firm's 50-day simple moving average is $231.80 and its 200 day simple moving average is $226.04. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $242.58. The firm has a market capitalization of $90.87 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.79 and a current ratio of 0.83.

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. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. The firm had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $6.14 billion. During the same quarter last year, the company earned $1.75 EPS. The firm's revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid 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 currently 49.77%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WM. UBS Group raised their price target on shares of Waste Management from $240.00 to $250.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Melius Research raised shares of Waste Management to a "strong-buy" rating and set a $263.00 price target for the company in a research report on Monday, June 9th. JPMorgan Chase & Co. raised shares of Waste Management from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $225.00 to $277.00 in a research report on Friday, May 23rd. HSBC raised shares of Waste Management from a "hold" rating to a "buy" rating and raised their price target for the stock from $210.00 to $265.00 in a research report on Friday, April 25th. Finally, William Blair reissued an "outperform" rating on shares of Waste Management in a research report on Wednesday, June 25th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $251.29.

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.