Waste Management, Inc. (NYSE:WM) Shares Sold by CFO4Life Group LLC

CFO4Life Group LLC trimmed its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,506 shares of the business services provider’s stock after selling 771 shares during the period. Waste Management comprises about 1.1% of CFO4Life Group LLC’s holdings, making the stock its 22nd biggest position. CFO4Life Group LLC’s holdings in Waste Management were worth $6,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. McClarren Financial Advisors Inc. increased its stake in shares of Waste Management by 29.7% during the 1st quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock worth $46,000 after purchasing an additional 49 shares during the last quarter. Mayflower Financial Advisors LLC increased its stake in shares of Waste Management by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock worth $911,000 after purchasing an additional 50 shares during the last quarter. McAdam LLC increased its stake in shares of Waste Management by 4.0% during the 1st quarter. McAdam LLC now owns 1,317 shares of the business services provider’s stock worth $281,000 after purchasing an additional 51 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Waste Management by 4.4% during the 1st quarter. Larson Financial Group LLC now owns 1,228 shares of the business services provider’s stock worth $262,000 after buying an additional 52 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Waste Management by 2.7% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,053 shares of the business services provider’s stock worth $438,000 after buying an additional 53 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Waste Management Trading Up 1.1 %

Shares of NYSE:WM traded up $2.33 during trading on Friday, hitting $214.10. 573,561 shares of the company’s stock were exchanged, compared to its average volume of 1,698,953. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The firm has a 50-day moving average price of $208.25 and a two-hundred day moving average price of $201.79. 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 cap of $85.87 billion, a P/E ratio of 35.06, a PEG ratio of 2.46 and a beta of 0.74.

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

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s payout ratio is 49.10%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WM shares. TD Cowen upped their price objective on shares of Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Waste Management in a report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 price target for the company. CIBC increased their price target on shares of Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Erste Group Bank reaffirmed a “hold” rating on shares of Waste Management in a report on Friday, June 14th. Finally, StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $217.33.

About Waste Management

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.