Wolff Wiese Magana LLC Has $856,000 Holdings in Waste Management, Inc. (NYSE:WM)

Wolff Wiese Magana LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 219.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,698 shares of the business services provider's stock after buying an additional 2,541 shares during the quarter. Wolff Wiese Magana LLC's holdings in Waste Management were worth $856,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WM. Norges Bank acquired a new position in shares of Waste Management in the fourth quarter valued at $1,009,726,000. GAMMA Investing LLC raised its stake in shares of Waste Management by 26,095.2% in the first quarter. GAMMA Investing LLC now owns 1,909,370 shares of the business services provider's stock valued at $442,038,000 after purchasing an additional 1,902,081 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Waste Management in the fourth quarter valued at $340,611,000. Capital Research Global Investors raised its stake in shares of Waste Management by 250.1% in the fourth quarter. Capital Research Global Investors now owns 1,658,733 shares of the business services provider's stock valued at $334,716,000 after purchasing an additional 1,184,905 shares in the last quarter. Finally, Parnassus Investments LLC raised its stake in shares of Waste Management by 22.5% in the fourth quarter. Parnassus Investments LLC now owns 6,272,009 shares of the business services provider's stock valued at $1,265,629,000 after purchasing an additional 1,151,237 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. National Bank Financial upgraded Waste Management to a "hold" rating in a research note on Monday, May 26th. Melius began coverage on Waste Management in a research report on Monday, June 9th. They issued a "buy" rating on the stock. Royal Bank Of Canada upped their price target on Waste Management from $227.00 to $229.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Citigroup upped their price target on Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Scotiabank upped their price target on Waste Management from $255.00 to $260.00 and gave the company a "sector outperform" rating in a research report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $248.00.

Insider Activity at Waste Management

In related news, SVP Rafael Carrasco sold 674 shares of the firm'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 owns 16,542 shares in the company, valued at $3,917,311.02. This trade represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Devina A. Rankin sold 57,888 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 83,934 shares in the company, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Waste Management Price Performance

Shares of WM stock opened at $231.94 on Friday. The stock's fifty day moving average is $233.07 and its 200-day moving average is $224.04. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.79 and a current ratio of 0.83. The stock has a market capitalization of $93.34 billion, a PE ratio of 34.98, a PEG ratio of 3.07 and a beta of 0.66. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results 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. The company had revenue of $6.02 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 earnings per share. Equities research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, June 6th. Waste Management's dividend payout ratio is 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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