Wealth Enhancement Advisory Services LLC raised its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 592,229 shares of the business services provider's stock after acquiring an additional 24,023 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.15% of Waste Management worth $137,108,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Waste Management by 51.1% during the fourth 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 last quarter. Mission Wealth Management LP increased its holdings in 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 in the last quarter. Mizuho Securities USA LLC raised its position in Waste Management by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 34,617 shares of the business services provider's stock valued at $6,985,000 after purchasing an additional 10,936 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in Waste Management by 11.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 54,133 shares of the business services provider's stock worth $10,924,000 after purchasing an additional 5,345 shares in the last quarter. Finally, Fjell Capital LLC bought a new stake in shares of Waste Management during the fourth quarter worth $1,124,000. Institutional investors and hedge funds own 80.40% of the company's stock.
Waste Management Trading Down 0.5%
WM opened at $233.14 on Thursday. The firm's fifty day moving average is $232.89 and its two-hundred day moving average is $223.95. The firm has a market cap of $93.82 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 3.10 and a beta of 0.66. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $242.58. 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 issued its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter last year, the business posted $1.75 EPS. The firm's revenue was up 16.7% compared to the same quarter last year. Equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.
Waste Management Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, June 6th. This represents a $3.30 annualized dividend and a yield of 1.42%. Waste Management's dividend payout ratio (DPR) is currently 49.77%.
Wall Street Analyst Weigh In
WM has been the topic of a number of research analyst reports. Melius Research raised shares of Waste Management to a "strong-buy" rating and set a $263.00 price objective on the stock in a report on Monday, June 9th. National Bank Financial raised shares of Waste Management to a "hold" rating in a report on Monday, May 26th. JPMorgan Chase & Co. raised Waste Management from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $225.00 to $277.00 in a report on Friday, May 23rd. William Blair reissued an "outperform" rating on shares of Waste Management in a research note on Tuesday, April 29th. Finally, Seaport Res Ptn raised Waste Management to a "hold" rating in a research note on Tuesday, May 6th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Waste Management currently has a consensus rating of "Moderate Buy" and an average target price of $248.00.
View Our Latest Stock Analysis on Waste Management
Insider Buying and Selling at Waste Management
In related news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 approximately $19,922,574.24. This trade represents a 40.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the company's stock in a transaction that occurred on 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 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.
About Waste Management
(
Free Report)
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.
Further Reading
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