Waste Management, Inc. (NYSE:WM) Shares Purchased by McDonough Capital Management Inc

McDonough Capital Management Inc increased its position in shares of Waste Management, Inc. (NYSE:WM) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,569 shares of the business services provider’s stock after purchasing an additional 1,875 shares during the quarter. Waste Management accounts for 3.3% of McDonough Capital Management Inc’s investment portfolio, making the stock its 11th biggest holding. McDonough Capital Management Inc’s holdings in Waste Management were worth $5,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management raised its holdings in Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the last quarter. Global Wealth Strategies & Associates increased its position in Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares in the last quarter. General Partner Inc. purchased a new position in Waste Management during the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in Waste Management during the fourth quarter worth $33,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Waste Management during the fourth quarter worth $35,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

Shares of Waste Management stock opened at $230.55 on Thursday. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $235.81. The stock has a market capitalization of $92.71 billion, a P/E ratio of 33.90, a PEG ratio of 2.71 and a beta of 0.78. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The business’s fifty day moving average price is $217.30 and its 200 day moving average price is $214.49.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. As a group, research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, March 14th. This is a boost from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s payout ratio is currently 48.53%.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 1,547 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $228.11, for a total transaction of $352,886.17. Following the transaction, the vice president now owns 44,037 shares in the company, valued at $10,045,280.07. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO John A. Carroll sold 209 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, the chief accounting officer now owns 9,066 shares in the company, valued at approximately $1,999,506.30. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,173 shares of company stock worth $17,075,967 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WM has been the subject of several recent research reports. Oppenheimer raised their price target on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Stifel Nicolaus raised their price target on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. CIBC lifted their price objective on Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a research report on Wednesday. StockNews.com downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Citigroup lifted their price objective on Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $236.65.

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.