Heritage Trust Co lifted its stake in Waste Management, Inc. (NYSE:WM) by 7.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,181 shares of the business services provider’s stock after acquiring an additional 157 shares during the quarter. Heritage Trust Co’s holdings in Waste Management were worth $202,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of WM. Toth Financial Advisory Corp lifted its holdings in Waste Management by 65.6% during the 1st quarter. Toth Financial Advisory Corp now owns 265 shares of the business services provider’s stock worth $25,000 after buying an additional 105 shares in the last quarter. Sugarloaf Wealth Management LLC acquired a new stake in Waste Management during the 4th quarter worth approximately $34,000. Atlas Private Wealth Management acquired a new stake in Waste Management during the 4th quarter worth approximately $34,000. Mine & Arao Wealth Creation & Management LLC. acquired a new stake in Waste Management during the 4th quarter worth approximately $35,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Waste Management by 48.1% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 308 shares of the business services provider’s stock worth $35,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 72.75% of the company’s stock.
Waste Management stock traded down $0.01 during midday trading on Friday, hitting $98.92. 1,058,547 shares of the company’s stock were exchanged, compared to its average volume of 2,200,384. Waste Management, Inc. has a 12-month low of $85.34 and a 12-month high of $126.79. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.80 and a current ratio of 1.84. The stock has a market cap of $41.75 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The firm’s 50 day simple moving average is $97.57 and its 200 day simple moving average is $109.81.
Waste Management (NYSE:WM) last released its earnings results on Wednesday, May 6th. The business services provider reported $0.93 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.93. Waste Management had a net margin of 10.87% and a return on equity of 27.69%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the business earned $0.94 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Waste Management, Inc. will post 3.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, June 4th. Waste Management’s dividend payout ratio (DPR) is presently 49.55%.
In other news, CFO Devina A. Rankin sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $125.14, for a total value of $1,001,120.00. Following the completion of the sale, the chief financial officer now owns 25,473 shares in the company, valued at approximately $3,187,691.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Leslie K. Nagy sold 890 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $122.70, for a total transaction of $109,203.00. Following the completion of the sale, the chief accounting officer now owns 5,253 shares of the company’s stock, valued at approximately $644,543.10. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Waste Management from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. BMO Capital Markets reduced their price objective on shares of Waste Management from $132.00 to $111.00 in a report on Tuesday, March 31st. UBS Group reduced their price objective on shares of Waste Management from $131.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Goldman Sachs Group downgraded shares of Waste Management from a “buy” rating to a “neutral” rating and set a $115.00 target price on the stock. in a research report on Friday, March 13th. Finally, Oppenheimer dropped their target price on shares of Waste Management from $145.00 to $117.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $117.14.
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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