Key Client Fiduciary Advisors LLC Takes $219,000 Position in Waste Management, Inc. (NYSE:WM)

Key Client Fiduciary Advisors LLC acquired a new position in shares of Waste Management, Inc. (NYSE:WM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,027 shares of the business services provider’s stock, valued at approximately $219,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quent Capital LLC increased its position in Waste Management by 7.3% during the 4th quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock worth $145,000 after purchasing an additional 55 shares in the last quarter. Drake & Associates LLC increased its position in Waste Management by 3.4% during the 4th quarter. Drake & Associates LLC now owns 1,652 shares of the business services provider’s stock worth $296,000 after purchasing an additional 55 shares in the last quarter. Alpha Cubed Investments LLC increased its position in Waste Management by 2.9% during the 4th quarter. Alpha Cubed Investments LLC now owns 1,973 shares of the business services provider’s stock worth $353,000 after purchasing an additional 56 shares in the last quarter. Signal Advisors Wealth LLC increased its position in Waste Management by 2.2% during the 1st quarter. Signal Advisors Wealth LLC now owns 2,571 shares of the business services provider’s stock worth $548,000 after purchasing an additional 56 shares in the last quarter. Finally, Peoples Financial Services CORP. increased its position 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 in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Waste Management

In other news, VP Michael J. Watson sold 4,208 shares of the business’s stock in a transaction 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 sale, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

WM has been the subject of several recent research reports. Stifel Nicolaus upped their price target on shares of Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a research report 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. Raymond James upped their price target on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Morgan Stanley upped their price target on shares of Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, TD Cowen upped their price target on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $217.61.

Waste Management Trading Down 0.0 %

WM stock opened at $212.61 on Friday. The company has a market capitalization of $85.27 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 2.47 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. The company’s 50 day moving average price is $207.78 and its two-hundred day moving average price is $199.32. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last issued its 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. The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 earnings per share. As a group, analysts predict that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal 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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s payout ratio is currently 49.10%.

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.