Waste Management, Inc. $WM Shares Bought by Northeast Investment Management

Northeast Investment Management raised its holdings in Waste Management, Inc. (NYSE:WM) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,422 shares of the business services provider’s stock after buying an additional 3,765 shares during the period. Waste Management comprises about 1.2% of Northeast Investment Management’s holdings, making the stock its 26th largest position. Northeast Investment Management’s holdings in Waste Management were worth $31,072,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new stake in Waste Management in the fourth quarter valued at $25,000. Cornerstone Planning Group LLC grew its holdings in shares of Waste Management by 101.5% during the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after purchasing an additional 67 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Waste Management during the third quarter worth about $30,000. Kelleher Financial Advisors purchased a new position in shares of Waste Management during the fourth quarter worth about $31,000. Finally, Holos Integrated Wealth LLC purchased a new position in shares of Waste Management during the fourth quarter worth about $40,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Waste Management news, SVP Johnson Varkey sold 121 shares of Waste Management stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $245.27, for a total value of $29,677.67. Following the sale, the senior vice president owned 9,293 shares of the company’s stock, valued at approximately $2,279,294.11. The trade was a 1.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tara J. Hemmer sold 4,818 shares of Waste Management stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $241.83, for a total value of $1,165,136.94. Following the completion of the sale, the senior vice president directly owned 78,918 shares in the company, valued at $19,084,739.94. This represents a 5.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 54,842 shares of company stock worth $13,140,382 in the last three months. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $217.55 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The business’s 50-day moving average price is $230.72 and its 200 day moving average price is $222.91. The firm has a market cap of $87.36 billion, a P/E ratio of 31.48, a P/E/G ratio of 2.24 and a beta of 0.49.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the company posted $1.67 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s payout ratio is currently 54.70%.

Analyst Ratings Changes

Several brokerages have issued reports on WM. Wolfe Research began coverage on Waste Management in a report on Friday, March 13th. They set a “peer perform” rating on the stock. TD Cowen raised their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Scotiabank reaffirmed a “sector perform” rating and set a $250.00 price objective (down from $254.00) on shares of Waste Management in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Finally, Royal Bank Of Canada raised their price target on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $255.67.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.