MGO One Seven LLC Purchases 3,266 Shares of Waste Management, Inc. $WM

MGO One Seven LLC increased its position in Waste Management, Inc. (NYSE:WM) by 20.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,420 shares of the business services provider’s stock after purchasing an additional 3,266 shares during the quarter. MGO One Seven LLC’s holdings in Waste Management were worth $3,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Waste Management by 1.8% during the second quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock valued at $6,849,981,000 after acquiring an additional 535,079 shares in the last quarter. State Street Corp boosted its holdings in Waste Management by 2.9% in the second quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock valued at $4,013,831,000 after purchasing an additional 507,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Waste Management by 1.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,121,427 shares of the business services provider’s stock valued at $695,704,000 after purchasing an additional 35,322 shares during the last quarter. Swedbank AB grew its stake in Waste Management by 17.0% during the 1st quarter. Swedbank AB now owns 2,392,868 shares of the business services provider’s stock valued at $549,857,000 after purchasing an additional 348,183 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Waste Management by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,320,966 shares of the business services provider’s stock worth $533,340,000 after buying an additional 26,847 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In related news, CAO John Carroll sold 1,365 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the transaction, the chief accounting officer owned 3,509 shares in the company, valued at $771,629.10. This trade represents a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WM has been the subject of several research analyst reports. Citigroup boosted their price objective on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Stifel Nicolaus raised their price target on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Oppenheimer restated an “outperform” rating and set a $263.00 price objective on shares of Waste Management in a research report on Thursday. Raymond James Financial set a $251.00 price objective on Waste Management in a research note on Thursday. Finally, Scotiabank increased their target price on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $257.89.

Waste Management Stock Performance

WM stock opened at $237.68 on Tuesday. The company has a market capitalization of $94.51 billion, a P/E ratio of 31.19, a PEG ratio of 2.88 and a beta of 0.42. The company has a 50-day simple moving average of $218.13 and a 200 day simple moving average of $225.24. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The company has a quick ratio of 0.87, a current ratio of 0.82 and a debt-to-equity ratio of 2.21.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, October 27th. The business services provider reported $2.15 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.03). Waste Management had a net margin of 11.78% and a return on equity of 31.97%. The company had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same period in the previous year, the business posted $1.98 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Sell-side analysts predict that Waste Management, Inc. will post 8.06 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a $0.9450 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is 49.61%.

Waste Management Company Profile

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.