Waste Management, Inc. (NYSE:WM) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP cut its holdings in Waste Management, Inc. (NYSE:WM) by 90.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,342 shares of the business services provider’s stock after selling 12,690 shares during the period. Mirador Capital Partners LP’s holdings in Waste Management were worth $286,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WM. Sachetta LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in Waste Management during the first quarter worth $35,000. Gilfoyle & Co LLC purchased a new stake in shares of Waste Management in the fourth quarter valued at $30,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Waste Management during the fourth quarter valued at $36,000. Finally, DSM Capital Partners LLC purchased a new stake in Waste Management during the 4th quarter worth about $38,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WM. TD Cowen lifted their price target 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. BMO Capital Markets boosted their price target on Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Oppenheimer raised their price objective on Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Raymond James increased their target price on Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada lifted their price target on Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. Eleven investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $217.61.

Waste Management Stock Down 1.9 %

NYSE WM opened at $209.36 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The business has a 50 day moving average price of $208.06 and a two-hundred day moving average price of $200.00. The stock has a market cap of $83.97 billion, a PE ratio of 34.27, a P/E/G ratio of 2.48 and a beta of 0.74.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating 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 business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Insider Transactions at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.