Waste Management, Inc. (NYSE:WM) Shares Sold by Cwm LLC

Cwm LLC trimmed its stake in shares of Waste Management, Inc. (NYSE:WM) by 8.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,153 shares of the business services provider’s stock after selling 11,217 shares during the period. Cwm LLC’s holdings in Waste Management were worth $25,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC raised its holdings in shares of Waste Management by 7.3% in the 4th quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock valued at $145,000 after buying an additional 55 shares during the period. Drake & Associates LLC raised its holdings in shares of Waste Management by 3.4% in the 4th quarter. Drake & Associates LLC now owns 1,652 shares of the business services provider’s stock valued at $296,000 after buying an additional 55 shares during the period. Alpha Cubed Investments LLC raised its holdings in shares of Waste Management by 2.9% in the 4th quarter. Alpha Cubed Investments LLC now owns 1,973 shares of the business services provider’s stock valued at $353,000 after buying an additional 56 shares during the period. Peoples Financial Services CORP. increased its holdings in Waste Management by 1.7% during the 4th quarter. Peoples Financial Services CORP. now owns 3,459 shares of the business services provider’s stock worth $620,000 after purchasing an additional 57 shares during the period. Finally, FCA Corp TX increased its holdings in Waste Management by 1.0% during the 4th quarter. FCA Corp TX now owns 5,594 shares of the business services provider’s stock worth $1,002,000 after purchasing an additional 57 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on WM. Oppenheimer upped their price target on Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Erste Group Bank restated a “hold” rating on shares of Waste Management in a report on Friday, June 14th. BMO Capital Markets upped their price target on Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. TD Cowen upped their price target on Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $217.61.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the sale, the vice president now directly owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Waste Management Stock Performance

Shares of NYSE WM traded up $1.51 during trading hours on Wednesday, reaching $207.89. The stock had a trading volume of 1,511,206 shares, compared to its average volume of 1,885,992. The firm has a market cap of $83.38 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.40 and a beta of 0.74. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The firm has a 50-day moving average of $207.24 and a 200-day moving average of $197.93.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. Equities research analysts predict that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, June 7th. Waste Management’s dividend payout ratio is presently 49.10%.

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.