1,873 Shares in Waste Management, Inc. (NYSE:WM) Bought by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in shares of Waste Management, Inc. (NYSE:WM) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,873 shares of the business services provider’s stock, valued at approximately $399,000.

A number of other hedge funds have also recently bought and sold shares of WM. Quent Capital LLC raised its holdings in Waste Management by 7.3% during the 4th quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock valued at $145,000 after buying an additional 55 shares during the last quarter. Drake & Associates LLC boosted its holdings in shares of Waste Management by 3.4% during the fourth 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 during the period. Alpha Cubed Investments LLC grew its stake in shares of Waste Management by 2.9% in the fourth 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 during the last quarter. Signal Advisors Wealth LLC increased its holdings 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 valued at $548,000 after purchasing an additional 56 shares during the period. Finally, Peoples Financial Services CORP. raised 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 valued at $620,000 after purchasing an additional 57 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Trading Down 1.9 %

NYSE WM opened at $209.36 on Tuesday. The stock’s fifty day moving average price is $208.06 and its 200-day moving average price is $200.00. 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 stock has a market cap of $83.97 billion, a P/E ratio of 34.27, a P/E/G ratio of 2.48 and a beta of 0.74. Waste Management, Inc. has a 12 month low of $149.71 and a 12 month high of $214.54.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating 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 business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the business earned $1.31 EPS. Waste Management’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s payout ratio is 49.10%.

Insider Transactions at Waste Management

In related news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets boosted their price objective on shares of Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Royal Bank of Canada raised their target price on shares of Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. Oppenheimer boosted their price target on shares of Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Robert W. Baird raised their price objective 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. 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 stock. Based on data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $217.61.

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.