Waste Management, Inc. $WM Shares Acquired by Lido Advisors LLC

Lido Advisors LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 11.7% during the fourth quarter, HoldingsChannel reports. The firm owned 26,350 shares of the business services provider’s stock after purchasing an additional 2,765 shares during the quarter. Lido Advisors LLC’s holdings in Waste Management were worth $5,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in WM. Brighton Jones LLC boosted its position in shares of 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 purchasing an additional 2,320 shares in the last quarter. Sprott Inc. purchased a new stake in Waste Management during the first quarter worth $325,000. Sei Investments Co. boosted its position in Waste Management by 8.0% during the second quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock worth $62,339,000 after purchasing an additional 20,122 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Waste Management by 68.2% during the second quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock worth $83,843,000 after purchasing an additional 148,590 shares in the last quarter. Finally, Glenview Trust co boosted its position in Waste Management by 5.1% during the second quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock worth $764,000 after purchasing an additional 162 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Johnson Varkey sold 121 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $245.27, for a total transaction of $29,677.67. Following the transaction, the senior vice president directly owned 9,293 shares in the company, valued at approximately $2,279,294.11. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO John J. Morris sold 4,211 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $243.38, for a total value of $1,024,873.18. Following the transaction, the chief operating officer owned 99,929 shares in the company, valued at $24,320,720.02. This trade represents a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,515 shares of company stock worth $1,099,450 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on WM. JPMorgan Chase & Co. boosted their target price on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Barclays boosted their target price on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada boosted their target price on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Wells Fargo & Company decreased their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $255.67.

Waste Management Stock Up 0.7%

Shares of NYSE:WM opened at $220.45 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The stock’s fifty day simple moving average is $223.62 and its 200-day simple moving average is $224.46. The company has a market capitalization of $88.53 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.30 and a beta of 0.45.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a dividend of $0.945 per share. The ex-dividend date is Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s dividend payout ratio is 54.70%.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.