Advisor OS LLC Buys Shares of 1,741 Waste Management, Inc. (NYSE:WM)

Advisor OS LLC bought a new stake in shares of Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,741 shares of the business services provider’s stock, valued at approximately $312,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Gilfoyle & Co LLC bought a new position in shares of Waste Management during the fourth quarter worth about $30,000. Millburn Ridgefield Corp bought a new position in shares of Waste Management during the third quarter worth about $35,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Waste Management during the fourth quarter worth about $36,000. Rational Advisors LLC bought a new position in shares of Waste Management during the third quarter worth about $41,000. Finally, Headlands Technologies LLC bought a new position in shares of Waste Management during the third quarter worth about $51,000. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In other Waste Management news, SVP Christopher P. Desantis sold 346 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the transaction, the senior vice president now owns 8,218 shares in the company, valued at $1,640,641.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Christopher P. Desantis sold 346 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $199.64, for a total value of $69,075.44. Following the sale, the senior vice president now owns 8,218 shares in the company, valued at $1,640,641.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Donald J. Smith sold 329 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total transaction of $65,326.24. Following the completion of the sale, the vice president now owns 5,522 shares in the company, valued at approximately $1,096,448.32. The disclosure for this sale can be found here. Insiders have sold a total of 18,007 shares of company stock worth $3,696,520 over the last 90 days. Insiders own 0.18% of the company’s stock.

Waste Management Stock Down 0.1 %

NYSE:WM traded down $0.26 during mid-day trading on Tuesday, reaching $210.56. The stock had a trading volume of 108,379 shares, compared to its average volume of 1,639,954. The business’s 50 day moving average is $209.30 and its 200 day moving average is $190.91. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The stock has a market cap of $84.45 billion, a P/E ratio of 34.50, a PEG ratio of 2.76 and a beta of 0.72. 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 (NYSE:WM) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.26 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, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.42%. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a report on Friday, April 26th. TD Cowen upped their price objective 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. 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 report on Friday, April 26th. Jefferies Financial Group upped their price objective on shares of Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, UBS Group lowered shares of Waste Management from a “buy” rating to a “neutral” rating and upped their price objective for the company from $190.00 to $205.00 in a research note on Wednesday, February 14th. Ten 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $216.24.

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.