Waste Management, Inc. (NYSE:WM) Shares Bought by TKG Advisors LLC

TKG Advisors LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,507 shares of the business services provider’s stock after purchasing an additional 159 shares during the period. TKG Advisors LLC’s holdings in Waste Management were worth $2,433,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. North Capital Inc. acquired a new stake in Waste Management in the first quarter worth about $232,000. D.A. Davidson & CO. boosted its holdings in Waste Management by 2.9% in the 1st quarter. D.A. Davidson & CO. now owns 84,752 shares of the business services provider’s stock valued at $19,621,000 after purchasing an additional 2,362 shares during the period. MBM Wealth Consultants LLC grew its position in Waste Management by 0.9% in the first quarter. MBM Wealth Consultants LLC now owns 8,650 shares of the business services provider’s stock valued at $2,002,000 after acquiring an additional 74 shares during the period. Mutual Advisors LLC raised its stake in shares of Waste Management by 1.1% in the first quarter. Mutual Advisors LLC now owns 10,922 shares of the business services provider’s stock valued at $2,493,000 after acquiring an additional 121 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Waste Management by 0.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 31,432 shares of the business services provider’s stock valued at $7,277,000 after purchasing an additional 120 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Down 2.4%

NYSE:WM opened at $223.40 on Thursday. The firm’s 50 day simple moving average is $232.93 and its 200 day simple moving average is $224.65. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.83 and a quick ratio of 0.79. Waste Management, Inc. has a one year low of $196.59 and a one year high of $242.58. The company has a market cap of $89.90 billion, a PE ratio of 33.70, a P/E/G ratio of 3.03 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.08. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same period in the previous year, the company posted $1.75 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, June 6th. Waste Management’s dividend payout ratio (DPR) is presently 49.77%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WM shares. Seaport Res Ptn raised Waste Management to a “hold” rating in a report on Tuesday, May 6th. UBS Group upped their price target on Waste Management from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $229.00 price objective on shares of Waste Management in a research note on Thursday, June 26th. Melius Research raised shares of Waste Management to a “strong-buy” rating and set a $263.00 target price for the company in a research note on Monday, June 9th. Finally, CIBC lifted their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, June 26th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $251.00.

Insiders Place Their Bets

In related news, SVP Rafael Carrasco sold 674 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the sale, the senior vice president directly owned 16,542 shares in the company, valued at approximately $3,917,311.02. The trade was a 3.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the transaction, the chief financial officer directly owned 83,934 shares of the company’s stock, valued at $19,922,574.24. The trade was a 40.82% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.