Central Valley Advisors LLC Makes New Investment in Waste Management, Inc. (NYSE:WM)

Central Valley Advisors LLC acquired a new stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,807 shares of the business services provider's stock, valued at approximately $1,040,000.

Several other large investors also recently bought and sold shares of the business. Sachetta LLC purchased a new position in shares of Waste Management in the 4th quarter worth $27,000. Gilfoyle & Co LLC purchased a new position in Waste Management in the fourth quarter worth about $30,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Waste Management during the 4th quarter valued at about $36,000. Rational Advisors LLC purchased a new stake in shares of Waste Management during the 3rd quarter valued at about $41,000. Finally, Headlands Technologies LLC bought a new position in shares of Waste Management in the 3rd quarter worth approximately $51,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Trading Down 0.1 %

Shares of NYSE WM traded down $0.13 during mid-day trading on Tuesday, reaching $208.34. The company had a trading volume of 1,472,842 shares, compared to its average volume of 1,669,125. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $214.54. The business's 50-day moving average is $209.60 and its 200-day moving average is $192.87. The stock has a market cap of $83.56 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 2.73 and a beta of 0.72. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period last year, the business posted $1.31 EPS. Waste Management's quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Waste Management, Inc. will post 7.29 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, June 7th. Waste Management's dividend payout ratio (DPR) is 49.10%.

Insider Buying and Selling at Waste Management

In other Waste Management news, EVP John J. Morris sold 8,889 shares of Waste Management stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $207.46, for a total value of $1,844,111.94. Following the transaction, the executive vice president now owns 95,461 shares in the company, valued at $19,804,339.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Waste Management news, EVP John J. Morris sold 8,889 shares of Waste Management stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $207.46, for a total value of $1,844,111.94. Following the transaction, the executive vice president now directly owns 95,461 shares of the company's stock, valued at $19,804,339.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tara J. Hemmer sold 1,782 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total value of $363,937.86. Following the transaction, the senior vice president now directly owns 55,591 shares in the company, valued at $11,353,349.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,282 shares of company stock valued at $2,754,889. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on WM. CIBC upped their price target on Waste Management from $207.00 to $220.00 and gave the stock a "neutral" rating in a research report on Monday, April 29th. Royal Bank of Canada raised their target price on shares of Waste Management from $211.00 to $215.00 and gave the stock a "sector perform" rating in a research note on Friday, April 26th. Morgan Stanley upped their price target on shares of Waste Management from $202.00 to $214.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Jefferies Financial Group raised their price objective on shares of Waste Management from $230.00 to $256.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Finally, Raymond James upped their target price on shares of Waste Management from $219.00 to $229.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $216.24.

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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