Ycg LLC Sells 2,488 Shares of Waste Management, Inc. (NYSE:WM)

Ycg LLC lowered its holdings in Waste Management, Inc. (NYSE:WM) by 1.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 248,593 shares of the business services provider’s stock after selling 2,488 shares during the quarter. Waste Management accounts for about 4.1% of Ycg LLC’s investment portfolio, making the stock its 7th largest position. Ycg LLC owned about 0.06% of Waste Management worth $52,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WM. McClarren Financial Advisors Inc. lifted its stake in Waste Management by 29.7% in the first quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 49 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in 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 valued at $911,000 after acquiring an additional 50 shares during the period. McAdam LLC raised its holdings in Waste Management by 4.0% during the 1st quarter. McAdam LLC now owns 1,317 shares of the business services provider’s stock valued at $281,000 after acquiring an additional 51 shares during the period. Larson Financial Group LLC raised its holdings in 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 valued at $262,000 after acquiring an additional 52 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in 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 valued at $438,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

NYSE WM traded up $1.97 on Friday, reaching $213.74. The company had a trading volume of 1,182,032 shares, compared to its average volume of 1,703,528. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. The stock has a market capitalization of $85.73 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. The firm’s 50 day moving average price is $208.25 and its 200 day moving average price is $201.79. Waste Management, Inc. has a 12 month low of $149.71 and a 12 month high of $214.54.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the firm posted $1.31 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities 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 was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.40%. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Insider Buying and Selling at Waste Management

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WM. Robert W. Baird upped their price target on shares of Waste Management from $214.00 to $222.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Truist Financial reduced their target price on Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday. Raymond James increased their target price on Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Waste Management in a research report on Wednesday, May 22nd. They set a “buy” rating and a $241.00 price target for the company. Eleven research 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 stock. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average price target of $217.33.

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.