Park Avenue Securities LLC Has $505,000 Stake in Waste Management, Inc. (NYSE:WM)

Park Avenue Securities LLC raised its position in shares of Waste Management, Inc. (NYSE:WM – Get Rating) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,185 shares of the business services provider’s stock after buying an additional 194 shares during the period. Park Avenue Securities LLC’s holdings in Waste Management were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Peoples Financial Services CORP. increased its holdings in shares of Waste Management by 769.6% during the first quarter. Peoples Financial Services CORP. now owns 400 shares of the business services provider’s stock worth $63,000 after buying an additional 354 shares in the last quarter. Stiles Financial Services Inc acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $1,173,000. Clarus Wealth Advisors acquired a new stake in shares of Waste Management in the first quarter valued at approximately $200,000. California State Teachers Retirement System increased its holdings in shares of Waste Management by 2.7% in the fourth quarter. California State Teachers Retirement System now owns 760,589 shares of the business services provider’s stock valued at $126,942,000 after purchasing an additional 19,853 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its holdings in shares of Waste Management by 6.6% in the first quarter. Baker Tilly Wealth Management LLC now owns 21,991 shares of the business services provider’s stock valued at $3,486,000 after purchasing an additional 1,363 shares in the last quarter. Institutional investors and hedge funds own 80.37% of the company’s stock.

Waste Management Trading Down 0.2 %

Shares of NYSE WM opened at $154.93 on Monday. The company’s fifty day moving average is $152.73 and its 200-day moving average is $153.66. The stock has a market cap of $64.33 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a twelve month low of $138.58 and a twelve month high of $170.18. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.83.

Waste Management (NYSE:WM – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The company had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Waste Management had a net margin of 10.32% and a return on equity of 29.67%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share. Equities research analysts predict that Waste Management, Inc. will post 5.55 EPS for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.68%. Waste Management’s dividend payout ratio is 57.27%.

Insider Activity at Waste Management

In related news, EVP John J. Morris sold 47,006 shares of the business’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $168.10, for a total value of $7,901,708.60. Following the sale, the executive vice president now directly owns 95,461 shares of the company’s stock, valued at approximately $16,046,994.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP John J. Morris sold 47,006 shares of the business’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $168.10, for a total value of $7,901,708.60. Following the sale, the executive vice president now directly owns 95,461 shares of the company’s stock, valued at approximately $16,046,994.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Pope sold 219 shares of the business’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $152.19, for a total transaction of $33,329.61. Following the completion of the sale, the director now directly owns 55,439 shares in the company, valued at $8,437,261.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,204 shares of company stock valued at $10,105,354. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WM has been the subject of a number of research reports. Raymond James raised their price target on shares of Waste Management from $167.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. BMO Capital Markets lowered shares of Waste Management from an “outperform” rating to a “market perform” rating and set a $174.00 price target for the company. in a report on Tuesday, April 12th. Bank of America raised shares of Waste Management from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $155.00 to $165.00 in a report on Friday, May 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Waste Management from $157.00 to $167.00 in a report on Thursday, April 28th. Finally, Morgan Stanley lifted their target price on shares of Waste Management from $160.00 to $165.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 20th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $164.86.

About Waste Management

(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.