Creekmur Asset Management LLC Has $808,000 Holdings in Waste Management, Inc. (NYSE:WM)

Creekmur Asset Management LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 38.3% in the 1st quarter, Holdings Channel reports. The firm owned 3,492 shares of the business services provider’s stock after buying an additional 967 shares during the quarter. Creekmur Asset Management LLC’s holdings in Waste Management were worth $808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WM. Brighton Jones LLC lifted its position in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in Waste Management by 14.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider’s stock worth $25,193,000 after acquiring an additional 15,974 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Waste Management during the 4th quarter worth $295,000. Creative Financial Designs Inc. ADV lifted its position in Waste Management by 15.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,536 shares of the business services provider’s stock worth $310,000 after acquiring an additional 201 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Waste Management during the fourth quarter valued at about $387,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the subject of a number of research analyst reports. CIBC upped their price objective on shares of Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. raised shares of Waste Management from a “neutral” rating to an “overweight” rating and upped their target price for the company from $225.00 to $277.00 in a research note on Friday, May 23rd. UBS Group upped their target price on shares of Waste Management from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. BMO Capital Markets upped their target price on shares of Waste Management from $241.00 to $245.00 and gave the company a “market perform” rating in a research note on Wednesday, June 25th. Finally, National Bank Financial raised shares of Waste Management to a “hold” rating in a report on Monday, May 26th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $251.29.

Insider Buying and Selling at Waste Management

In other news, CFO Devina A. Rankin sold 57,888 shares of the 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 owned 83,934 shares of the company’s stock, valued at $19,922,574.24. This represents a 40.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the 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 directly owned 16,542 shares of the company’s stock, valued at $3,917,311.02. This represents a 3.91% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.5%

Shares of NYSE WM opened at $226.88 on Friday. The company’s 50 day simple moving average is $231.66 and its 200 day simple moving average is $226.21. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.83 and a quick ratio of 0.79. The firm has a market capitalization of $91.30 billion, a P/E ratio of 34.20, a P/E/G ratio of 2.80 and a beta of 0.64. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $242.58.

Waste Management (NYSE:WM) last posted its earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.08. The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $6.14 billion. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $1.75 earnings per share. On average, analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 annualized dividend and a yield of 1.45%. Waste Management’s dividend payout ratio (DPR) is presently 49.77%.

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.