First Command Financial Services Inc. Purchases 532 Shares of Waste Management, Inc. (WM)

First Command Financial Services Inc. boosted its position in Waste Management, Inc. (NYSE:WM) by 44.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,742 shares of the business services provider’s stock after buying an additional 532 shares during the period. First Command Financial Services Inc.’s holdings in Waste Management were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. We Are One Seven LLC acquired a new position in shares of Waste Management during the 4th quarter worth approximately $26,000. Larson Financial Group LLC acquired a new position in shares of Waste Management during the 4th quarter worth approximately $26,000. Executive Wealth Management LLC acquired a new position in shares of Waste Management during the 4th quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new position in shares of Waste Management during the 4th quarter worth approximately $27,000. Finally, Washington Trust Bank acquired a new position in shares of Waste Management during the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 75.74% of the company’s stock.

Several research analysts have recently weighed in on the company. Stifel Nicolaus raised Waste Management from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group downgraded Waste Management from a “buy” rating to a “neutral” rating and increased their price objective for the company from $103.00 to $106.00 in a research note on Thursday, April 4th. Oppenheimer increased their price objective on Waste Management from $95.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, February 15th. KeyCorp began coverage on Waste Management in a research note on Monday, February 4th. They issued an “overweight” rating and a $96.00 price objective for the company. Finally, Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Buy” and an average target price of $101.71.

In other news, Director Patrick W. Gross sold 365 shares of the stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $93.03, for a total transaction of $33,955.95. Following the completion of the transaction, the director now directly owns 53,058 shares in the company, valued at approximately $4,935,985.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Tara J. Hmmer sold 472 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $98.81, for a total value of $46,638.32. Following the transaction, the senior vice president now owns 17,208 shares of the company’s stock, valued at $1,700,322.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,092 shares of company stock valued at $402,648. 0.30% of the stock is owned by company insiders.

NYSE:WM traded up $2.47 during trading hours on Monday, hitting $104.26. The company had a trading volume of 2,838,428 shares, compared to its average volume of 1,849,965. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 1.53. The stock has a market cap of $42.71 billion, a P/E ratio of 24.82, a PEG ratio of 2.63 and a beta of 0.67. Waste Management, Inc. has a 1 year low of $79.96 and a 1 year high of $105.68.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, February 14th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.07. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Waste Management had a return on equity of 29.43% and a net margin of 12.91%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. On average, equities analysts anticipate that Waste Management, Inc. will post 4.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.5125 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.47. This represents a $2.05 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, March 7th. Waste Management’s dividend payout ratio is presently 48.81%.

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About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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