Trilogy Capital Inc. Makes New $329,000 Investment in Waste Management, Inc. (NYSE:WM)

Trilogy Capital Inc. bought a new position in shares of Waste Management, Inc. (NYSE:WM) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,542 shares of the business services provider’s stock, valued at approximately $329,000.

A number of other hedge funds also recently bought and sold shares of the stock. Morgan Stanley lifted its holdings in Waste Management by 0.7% during the third quarter. Morgan Stanley now owns 6,963,527 shares of the business services provider’s stock worth $1,061,521,000 after buying an additional 46,084 shares during the period. Ameriprise Financial Inc. raised its stake in Waste Management by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 5,213,330 shares of the business services provider’s stock valued at $794,174,000 after buying an additional 66,816 shares during the last quarter. Parnassus Investments LLC boosted its holdings in Waste Management by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 4,799,687 shares of the business services provider’s stock worth $859,624,000 after acquiring an additional 16,213 shares in the last quarter. Norges Bank purchased a new stake in shares of Waste Management during the fourth quarter worth about $784,486,000. Finally, Capital World Investors increased its holdings in shares of Waste Management by 40.6% during the fourth quarter. Capital World Investors now owns 2,923,403 shares of the business services provider’s stock valued at $523,581,000 after acquiring an additional 844,298 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WM shares. Oppenheimer boosted their target price on shares of Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Truist Financial upped their target price on Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, April 26th. TD Cowen upped their target price on Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Stifel Nicolaus upped their target price on Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Raymond James upped their target price on Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $217.61.

Insider Activity

In other news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the sale, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

WM traded up $0.67 during midday trading on Friday, hitting $213.34. 2,908,229 shares of the company were exchanged, compared to its average volume of 1,972,412. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $85.57 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74. The company’s 50 day simple moving average is $208.06 and its 200 day simple moving average is $199.85.

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

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

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.