Waste Management, Inc. (NYSE:WM) Shares Acquired by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 0.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,075 shares of the business services provider’s stock after buying an additional 136 shares during the period. Waste Management makes up approximately 2.4% of Jamison Private Wealth Management Inc.’s portfolio, making the stock its 7th largest position. Jamison Private Wealth Management Inc.’s holdings in Waste Management were worth $15,529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Waste Management by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 37,300,278 shares of the business services provider’s stock worth $7,526,823,000 after buying an additional 538,567 shares during the last quarter. Geode Capital Management LLC increased its holdings in Waste Management by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,210,371 shares of the business services provider’s stock valued at $1,654,173,000 after purchasing an additional 64,260 shares during the last quarter. Parnassus Investments LLC increased its holdings in Waste Management by 22.5% in the 4th quarter. Parnassus Investments LLC now owns 6,272,009 shares of the business services provider’s stock valued at $1,265,629,000 after purchasing an additional 1,151,237 shares during the last quarter. Norges Bank acquired a new stake in Waste Management in the 4th quarter valued at approximately $1,009,726,000. Finally, Ameriprise Financial Inc. increased its holdings in Waste Management by 5.8% in the 4th quarter. Ameriprise Financial Inc. now owns 4,076,447 shares of the business services provider’s stock valued at $822,588,000 after purchasing an additional 224,279 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling

In related news, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total transaction of $159,609.94. Following the sale, the senior vice president now directly owns 16,542 shares in the company, valued at $3,917,311.02. This trade represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the sale, the chief financial officer now owns 83,934 shares in the company, valued at $19,922,574.24. This represents a 40.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Waste Management Price Performance

Waste Management stock opened at $231.94 on Friday. The stock has a market cap of $93.34 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 3.08 and a beta of 0.66. The company has a fifty day simple moving average of $233.07 and a 200-day simple moving average of $224.05. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $242.58. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.08. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 EPS. Equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 annualized dividend and a dividend yield of 1.42%. Waste Management’s dividend payout ratio (DPR) is currently 49.77%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Waste Management from $260.00 to $271.00 and gave the company a “buy” rating in a report on Thursday, May 1st. CIBC lifted their target price on shares of Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. UBS Group lifted their target price on shares of Waste Management from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Tuesday, April 29th. Finally, Scotiabank raised their price target on shares of Waste Management from $255.00 to $260.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.00.

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.