Waste Management, Inc. (NYSE:WM) Shares Acquired by Trek Financial LLC

Trek Financial LLC lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 74.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,359 shares of the business services provider’s stock after buying an additional 1,435 shares during the quarter. Trek Financial LLC’s holdings in Waste Management were worth $548,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Beaumont Financial Advisors LLC grew its stake in shares of Waste Management by 2.0% in the first quarter. Beaumont Financial Advisors LLC now owns 3,083 shares of the business services provider’s stock valued at $503,000 after buying an additional 60 shares in the last quarter. Steward Financial Group LLC boosted its holdings in Waste Management by 31.3% in the first quarter. Steward Financial Group LLC now owns 260 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 62 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in Waste Management by 5.0% in the first quarter. Personal CFO Solutions LLC now owns 1,377 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 65 shares during the last quarter. Wellington Shields Capital Management LLC boosted its holdings in Waste Management by 3.1% in the first quarter. Wellington Shields Capital Management LLC now owns 2,169 shares of the business services provider’s stock valued at $354,000 after purchasing an additional 66 shares during the last quarter. Finally, ETF Managers Group LLC boosted its holdings in Waste Management by 1.5% in the first quarter. ETF Managers Group LLC now owns 4,591 shares of the business services provider’s stock valued at $749,000 after purchasing an additional 68 shares during the last quarter. 78.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In related news, Director Bruce E. Chinn sold 172 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $159.44, for a total value of $27,423.68. Following the sale, the director now directly owns 822 shares in the company, valued at approximately $131,059.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Bruce E. Chinn sold 172 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $159.44, for a total value of $27,423.68. Following the sale, the director now directly owns 822 shares in the company, valued at approximately $131,059.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John C. Pope sold 198 shares of Waste Management stock in a transaction on Monday, July 17th. The shares were sold at an average price of $168.40, for a total value of $33,343.20. Following the transaction, the director now owns 56,147 shares in the company, valued at $9,455,154.80. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WM has been the subject of a number of analyst reports. Citigroup reduced their price target on Waste Management from $204.00 to $202.00 in a report on Thursday, July 27th. Raymond James reduced their price target on Waste Management from $185.00 to $179.00 and set an “outperform” rating for the company in a report on Thursday, July 27th. StockNews.com assumed coverage on Waste Management in a report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, BMO Capital Markets reduced their target price on Waste Management from $167.00 to $166.00 in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.18.

Waste Management Trading Down 0.3 %

Shares of NYSE WM opened at $156.45 on Friday. The company has a market cap of $63.37 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.66 and a beta of 0.72. Waste Management, Inc. has a 12-month low of $148.31 and a 12-month high of $174.74. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.14. The stock’s 50 day simple moving average is $163.15 and its 200 day simple moving average is $162.08.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.03). The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.23 billion. Waste Management had a return on equity of 33.81% and a net margin of 11.42%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the business posted $1.44 EPS. Equities research analysts expect that Waste Management, Inc. will post 5.96 EPS for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, September 7th. Waste Management’s dividend payout ratio is currently 50.36%.

Waste Management Company 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.