Autumn Glory Partners LLC Makes New $227,000 Investment in Waste Management, Inc. (NYSE:WM)

Autumn Glory Partners LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 980 shares of the business services provider’s stock, valued at approximately $227,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Mission Wealth Management LP boosted its stake in shares of Waste Management by 811.1% during the 4th quarter. Mission Wealth Management LP now owns 9,102 shares of the business services provider’s stock worth $1,837,000 after acquiring an additional 8,103 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Waste Management by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 34,617 shares of the business services provider’s stock worth $6,985,000 after acquiring an additional 10,936 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of Waste Management by 11.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 54,133 shares of the business services provider’s stock worth $10,924,000 after acquiring an additional 5,345 shares in the last quarter. Finally, Fjell Capital LLC purchased a new stake in shares of Waste Management during the 4th quarter worth approximately $1,124,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 0.5%

WM stock opened at $233.14 on Thursday. The company has a market cap of $93.82 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 3.10 and a beta of 0.66. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 2.65. The business has a fifty day simple moving average of $232.89 and a 200-day simple moving average of $223.95. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $242.58.

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

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a yield of 1.42%. Waste Management’s dividend payout ratio (DPR) is 49.77%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WM. National Bank Financial raised Waste Management to a “hold” rating in a research note on Monday, May 26th. Royal Bank Of Canada upped their target price on Waste Management from $227.00 to $229.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Wall Street Zen raised Waste Management from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Robert W. Baird upped their target price on Waste Management from $235.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Finally, HSBC raised Waste Management from a “hold” rating to a “buy” rating and upped their target price for the company from $210.00 to $265.00 in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average 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.