MONECO Advisors LLC Has $766,000 Stock Position in Waste Management, Inc. (NYSE:WM)

MONECO Advisors LLC lifted its stake in Waste Management, Inc. (NYSE:WM) by 13.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,278 shares of the business services provider’s stock after purchasing an additional 500 shares during the quarter. MONECO Advisors LLC’s holdings in Waste Management were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WM. Campbell & CO Investment Adviser LLC acquired a new stake in Waste Management during the 3rd quarter worth about $249,000. Rafferty Asset Management LLC raised its stake in shares of Waste Management by 9.5% during the 3rd quarter. Rafferty Asset Management LLC now owns 29,315 shares of the business services provider’s stock worth $4,469,000 after purchasing an additional 2,540 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Waste Management during the 3rd quarter worth about $3,962,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Waste Management during the 3rd quarter worth about $6,671,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Waste Management by 29.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 974,159 shares of the business services provider’s stock worth $148,501,000 after purchasing an additional 223,344 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WM has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price objective on Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a research note on Friday, April 26th. CIBC raised their price objective on Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Oppenheimer raised their price objective on Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Erste Group Bank reaffirmed a “hold” rating on shares of Waste Management in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft started coverage on Waste Management in a report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $217.61.

Insider Buying and Selling at Waste Management

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

Waste Management Price Performance

Shares of WM stock opened at $206.44 on Tuesday. The stock’s fifty day simple moving average is $207.21 and its 200 day simple moving average is $197.69. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85. The firm has a market cap of $82.80 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.37 and a beta of 0.74. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54.

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

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.45%. Waste Management’s payout ratio is 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.