Waste Management, Inc. (NYSE:WM) Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. trimmed its position in shares of Waste Management, Inc. (NYSE:WMGet Rating) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,905 shares of the business services provider’s stock after selling 926 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Waste Management were worth $5,952,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WM. Norges Bank purchased a new stake in Waste Management during the fourth quarter worth about $687,551,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Waste Management by 7,498.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,005,882 shares of the business services provider’s stock valued at $334,782,000 after purchasing an additional 1,979,482 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of Waste Management in the first quarter valued at about $280,829,000. Aaron Wealth Advisors LLC lifted its holdings in shares of Waste Management by 15,459.1% in the first quarter. Aaron Wealth Advisors LLC now owns 1,687,232 shares of the business services provider’s stock valued at $10,645,000 after purchasing an additional 1,676,388 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Waste Management by 194.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,217,592 shares of the business services provider’s stock valued at $192,988,000 after purchasing an additional 804,708 shares in the last quarter. 74.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John C. Pope sold 219 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $152.19, for a total transaction of $33,329.61. Following the completion of the transaction, the director now owns 55,439 shares of the company’s stock, valued at $8,437,261.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director John C. Pope sold 219 shares of the stock in a transaction on Monday, July 18th. The shares were sold at an average price of $152.19, for a total value of $33,329.61. Following the completion of the sale, the director now owns 55,439 shares of the company’s stock, valued at $8,437,261.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John J. Morris sold 22,795 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $169.82, for a total transaction of $3,871,046.90. Following the completion of the sale, the executive vice president now directly owns 95,461 shares of the company’s stock, valued at approximately $16,211,187.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,067 shares of company stock valued at $9,292,271. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WM. Morgan Stanley upped their price target on shares of Waste Management from $160.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday, July 20th. Oppenheimer set a $160.00 price target on shares of Waste Management in a report on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $164.86.

Waste Management Trading Down 0.9 %

Shares of WM traded down $1.56 on Friday, hitting $165.31. 43,349 shares of the stock traded hands, compared to its average volume of 1,687,474. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $68.33 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.51 and a beta of 0.76. The stock’s 50 day moving average is $167.57 and its two-hundred day moving average is $159.87. Waste Management, Inc. has a 1 year low of $138.58 and a 1 year high of $175.98.

Waste Management (NYSE:WMGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.08. Waste Management had a net margin of 11.27% and a return on equity of 30.69%. The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the firm posted $1.27 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that Waste Management, Inc. will post 5.7 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.57%. The ex-dividend date is Thursday, September 8th. Waste Management’s dividend payout ratio (DPR) is 50.78%.

Waste Management Company Profile

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Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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