Capital Advisors Ltd. LLC Acquires 53 Shares of Waste Management, Inc. (NYSE:WM)

Capital Advisors Ltd. LLC increased its holdings in Waste Management, Inc. (NYSE:WM) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,053 shares of the business services provider’s stock after buying an additional 53 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Waste Management were worth $438,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Hexagon Capital Partners LLC boosted its position in Waste Management by 170.5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Sachetta LLC purchased a new position in Waste Management in the fourth quarter worth about $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Waste Management during the 1st quarter valued at about $35,000. Gilfoyle & Co LLC purchased a new position in shares of Waste Management during the 4th quarter valued at about $30,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Waste Management during the 4th quarter valued at about $36,000. 80.40% of the stock is currently owned by institutional investors.

Insider Activity

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

Waste Management Stock Performance

NYSE:WM opened at $209.42 on Wednesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $214.54. The stock’s 50 day simple moving average is $208.09 and its two-hundred day simple moving average is $200.23. The company has a market cap of $83.99 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.48 and a beta of 0.74.

Waste Management (NYSE:WM) last released 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. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given 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 was Friday, June 7th. Waste Management’s dividend payout ratio is currently 49.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Raymond James lifted their price objective on 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 lifted their price objective on Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Robert W. Baird lifted their price objective on Waste Management from $214.00 to $222.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Stifel Nicolaus lifted their price objective on Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Oppenheimer boosted their price target on Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $217.61.

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.