Key Client Fiduciary Advisors LLC Acquires New Stake in Waste Management, Inc. (NYSE:WM)

Key Client Fiduciary Advisors LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,027 shares of the business services provider’s stock, valued at approximately $219,000.

Several other hedge funds have also recently added to or reduced their stakes in WM. Quent Capital LLC increased its stake in shares of Waste Management by 7.3% in the 4th quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock worth $145,000 after acquiring an additional 55 shares during the last quarter. Drake & Associates LLC increased its stake in shares of Waste Management by 3.4% in the 4th quarter. Drake & Associates LLC now owns 1,652 shares of the business services provider’s stock worth $296,000 after acquiring an additional 55 shares during the last quarter. Alpha Cubed Investments LLC increased its stake in shares of Waste Management by 2.9% in the 4th quarter. Alpha Cubed Investments LLC now owns 1,973 shares of the business services provider’s stock worth $353,000 after acquiring an additional 56 shares during the last quarter. Signal Advisors Wealth LLC increased its stake in shares of Waste Management by 2.2% in the 1st quarter. Signal Advisors Wealth LLC now owns 2,571 shares of the business services provider’s stock worth $548,000 after acquiring an additional 56 shares during the last quarter. Finally, Peoples Financial Services CORP. increased its stake in shares of Waste Management by 1.7% in the 4th quarter. Peoples Financial Services CORP. now owns 3,459 shares of the business services provider’s stock worth $620,000 after acquiring an additional 57 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WM has been the subject of a number of recent research reports. Oppenheimer raised their target price on Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada raised their price objective on Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. TD Cowen raised their price objective on Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Finally, CIBC raised their price objective on Waste Management from $207.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $217.61.

Insider Activity at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the sale, the vice president now directly owns 45,644 shares in the company, valued at $9,324,156.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Waste Management Stock Down 0.0 %

Shares of NYSE:WM opened at $212.61 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a 52-week low of $149.71 and a 52-week high of $214.54. The stock’s fifty day simple moving average is $207.78 and its 200-day simple moving average is $199.32. The company has a market capitalization of $85.27 billion, a P/E ratio of 34.80, a P/E/G ratio of 2.47 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the business earned $1.31 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.41%. Waste Management’s payout ratio is currently 49.10%.

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.