Measured Wealth Private Client Group LLC raised its position in Waste Management, Inc. (NYSE:WM) by 26.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,044 shares of the business services provider’s stock after purchasing an additional 633 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Waste Management were worth $316,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Washington Trust Bank acquired a new stake in shares of Waste Management in the first quarter worth about $28,000. Larson Financial Group LLC acquired a new stake in shares of Waste Management in the fourth quarter worth about $26,000. Executive Wealth Management LLC acquired a new stake in shares of Waste Management in the fourth quarter worth about $26,000. We Are One Seven LLC acquired a new stake in shares of Waste Management in the fourth quarter worth about $26,000. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Waste Management in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.
NYSE WM opened at $107.85 on Friday. Waste Management, Inc. has a twelve month low of $79.96 and a twelve month high of $108.75. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 1.45. The stock has a market cap of $45.87 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.90 and a beta of 0.67.
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 given a dividend of $0.5125 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.05 annualized dividend and a dividend yield of 1.90%. Waste Management’s dividend payout ratio is presently 48.81%.
A number of brokerages have weighed in on WM. Oppenheimer boosted their price target on Waste Management from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. UBS Group cut Waste Management from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $103.00 to $106.00 in a research report on Thursday, April 4th. Stifel Nicolaus raised Waste Management from a “hold” rating to a “buy” rating in a research report on Monday, April 15th. KeyCorp assumed coverage on Waste Management in a research report on Monday, February 4th. They set an “overweight” rating and a $96.00 price objective for the company. Finally, Royal Bank of Canada assumed coverage on Waste Management in a research report on Wednesday, May 1st. They set a “sector perform” rating and a $113.00 price objective for the company. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Waste Management currently has a consensus rating of “Buy” and a consensus target price of $105.22.
In other Waste Management news, VP Michael J. Watson sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $104.55, for a total value of $73,185.00. Following the completion of the transaction, the vice president now owns 9,518 shares of the company’s stock, valued at approximately $995,106.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John J. Morris sold 42,795 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $106.38, for a total value of $4,552,532.10. Following the completion of the transaction, the executive vice president now directly owns 101,332 shares of the company’s stock, valued at approximately $10,779,698.16. The disclosure for this sale can be found here. Insiders have sold a total of 43,811 shares of company stock valued at $4,657,346 in the last three months. 0.14% of the stock is owned by insiders.
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Waste Management Profile
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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