Clarus Wealth Advisors bought a new stake in Waste Management, Inc. (NYSE: WM – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,221 shares of the business services provider’s stock, valued at approximately $ 200,000.
Several other institutional investors have also made changes to their positions in WM. Steward Financial Group LLC bought a new stake in Waste Management during the fourth quarter worth about $ 25,000. CarsonAllaria Wealth Management Ltd. bought a new stake in Waste Management during the fourth quarter worth about $ 25,000. Amplius Wealth Advisors LLC bought a new stake in Waste Management during the fourth quarter worth about $ 27,000. SOA Wealth Advisors LLC. lifted its position in Waste Management by 51.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 206 shares of the business services provider’s stock worth $ 34,000 after purchasing an additional 70 shares during the period. Finally, KB Financial Partners LLC bought a new stake in Waste Management during the fourth quarter worth about $ 34,000. 80.37% of the stock is owned by institutional investors.
In other news, SVP Nikolaj H. Sjoqvist sold 10,311 shares of Waste Management stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $ 166.57, for a total transaction of $ 1,717,503.27. Following the completion of the transaction, the senior vice president now directly owns 38,769 shares in the company, valued at $ 6,457,752.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John J. Morris sold 47,006 shares of Waste Management stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $ 168.10, for a total transaction of $ 7,901,708.60. Following the transaction, the executive vice president now owns 95,461 shares of the company stock, valued at $ 16,046,994.10. The disclosure for this sale can be found here. Insiders sold 88,961 shares of company stock worth $ 14,651,682 over the last ninety days. Insiders own 0.18% of the company stock.
Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 28th. BMO Capital Markets downgraded Waste Management from an “outperform” rating to a “market perform” rating and set a $ 174.00 target price for the company. in a research note on Tuesday, April 12th. Raymond James boosted their target price on Waste Management from $ 167.00 to $ 170.00 and gave the stock an “outperform” rating in a research note on Friday, April 22nd. JPMorgan Chase & Co. initiated coverage on Waste Management in a research note on Tuesday, March 1st. They set a “neutral” rating and a $ 153.00 target price for the company. Finally, Bank of America raised Waste Management from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $ 155.00 to $ 165.00 in a research note on Friday, May 13th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $ 161.57.
NYSE: WM opened at $ 143.99 on Wednesday. The company has a market capitalization of $ 59.79 billion, a PE ratio of 31.72, a P / E / G ratio of 2.33 and a beta of 0.80. The company has a 50 day simple moving average of $ 156.62 and a two-hundred day simple moving average of $ 155.59. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.76 and a current ratio of 0.80. Waste Management, Inc. has a fifty-two week low of $ 138.08 and a fifty-two week high of $ 170.18.
Waste Management (NYSE: WM – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The business services provider reported $ 1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 1.12 by $ 0.17. The firm had revenue of $ 4.66 billion for the quarter, compared to analysts’ expectations of $ 4.45 billion. Waste Management had a return on equity of 29.67% and a net margin of 10.32%. The company revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $ 1.06 EPS. Research analysts predict that Waste Management, Inc. will post 5.55 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, June 3rd were issued a dividend of $ 0.65 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $ 2.60 annualized dividend and a yield of 1.81%. Waste Management’s payout ratio is 57.27%.
About Waste Management: (Get Rating)
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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