Everett Harris & Co. CA Buys 140 Shares of Waste Management, Inc. (NYSE:WM)

Everett Harris & Co. CA grew its position in Waste Management, Inc. (NYSE:WM) by 10.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,477 shares of the business services provider’s stock after buying an additional 140 shares during the period. Everett Harris & Co. CA’s holdings in Waste Management were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WM. Hexagon Capital Partners LLC raised its holdings in Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Sachetta LLC bought a new stake in shares of Waste Management during the fourth quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new position in Waste Management in the first quarter valued at approximately $35,000. Gilfoyle & Co LLC bought a new position in Waste Management in the fourth quarter valued at approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Waste Management during the 4th quarter valued at $36,000. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Royal Bank of Canada upped their price target on Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Waste Management in a report on Wednesday, May 22nd. They set a “buy” rating and a $241.00 price objective for the company. BMO Capital Markets increased their target price on shares of Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Finally, Stifel Nicolaus boosted their price target on shares of Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average target price of $217.61.

Waste Management Trading Up 0.1 %

NYSE:WM opened at $210.49 on Friday. The company has a market cap of $84.42 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 2.44 and a beta of 0.74. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The business has a 50 day moving average price of $208.05 and a two-hundred day moving average price of $200.61. 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 (NYSE:WM) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations 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, analysts expect that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is presently 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.