Marietta Wealth Management LLC increased its position in Waste Management, Inc. (NYSE:WM – Get Rating) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,885 shares of the business services provider’s stock after purchasing an additional 364 shares during the quarter. Marietta Wealth Management LLC’s holdings in Waste Management were worth $3,944,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in WM. Marshall Wace LLP acquired a new stake in Waste Management in the third quarter worth about $693,000. SeaCrest Wealth Management LLC lifted its holdings in shares of Waste Management by 7.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 5,644 shares of the business services provider’s stock valued at $843,000 after purchasing an additional 368 shares in the last quarter. Cornerstone Advisory LLC lifted its holdings in shares of Waste Management by 88.3% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,190 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 1,496 shares in the last quarter. Atria Investments LLC lifted its holdings in shares of Waste Management by 3.1% during the 3rd quarter. Atria Investments LLC now owns 21,811 shares of the business services provider’s stock valued at $3,258,000 after purchasing an additional 650 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Waste Management by 37.4% during the 3rd quarter. EP Wealth Advisors LLC now owns 11,901 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 3,239 shares in the last quarter. Hedge funds and other institutional investors own 80.37% of the company’s stock.
Several research firms have commented on WM. JPMorgan Chase & Co. began coverage on Waste Management in a research note on Tuesday, March 1st. They issued a “neutral” rating and a $153.00 target price on the stock. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 28th. Raymond James boosted their target price on Waste Management from $167.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, April 22nd. BMO Capital Markets cut Waste Management from an “outperform” rating to a “market perform” rating and set a $174.00 price objective on the stock. in a research note on Tuesday, April 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Waste Management from $157.00 to $167.00 in a research note on Thursday, April 28th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $163.00.
Shares of NYSE WM opened at $143.74 on Wednesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.80 and a quick ratio of 0.76. The stock’s fifty day moving average price is $156.62 and its two-hundred day moving average price is $155.59. Waste Management, Inc. has a one year low of $138.08 and a one year high of $170.18. The firm has a market cap of $59.68 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 2.33 and a beta of 0.80.
Waste Management (NYSE:WM – Get Rating) last released its earnings results on Tuesday, April 26th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.12 by $0.17. Waste Management had a net margin of 10.32% and a return on equity of 29.67%. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period last year, the firm earned $1.06 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Waste Management, Inc. will post 5.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $2.60 annualized dividend and a yield of 1.81%. Waste Management’s dividend payout ratio is presently 57.27%.
In other news, CAO Leslie K. Nagy sold 2,668 shares of the business’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $169.72, for a total value of $452,812.96. Following the transaction, the chief accounting officer now owns 4,880 shares in the company, valued at approximately $828,233.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James C. Fish, Jr. sold 28,976 shares of the business’s stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $158.05, for a total transaction of $4,579,656.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,961 shares of company stock worth $14,651,682. 0.18% of the stock is owned by corporate insiders.
Waste Management Company Profile (Get Rating)
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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