Dynamic Advisor Solutions LLC Boosts Stake in Waste Management, Inc. (NYSE:WM)

Dynamic Advisor Solutions LLC raised its position in Waste Management, Inc. (NYSE:WM) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,810 shares of the business services provider’s stock after purchasing an additional 1,399 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Waste Management were worth $4,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WM. Riverview Trust Co acquired a new position in shares of Waste Management in the first quarter worth $144,000. Annex Advisory Services LLC raised its position in Waste Management by 50.0% in the 1st quarter. Annex Advisory Services LLC now owns 2,043 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 681 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Waste Management in the 1st quarter valued at about $117,299,000. First PREMIER Bank increased its stake in shares of Waste Management by 1.7% during the first quarter. First PREMIER Bank now owns 11,953 shares of the business services provider’s stock worth $2,548,000 after buying an additional 203 shares during the period. Finally, Purus Wealth Management LLC increased its stake in shares of Waste Management by 4.7% during the first quarter. Purus Wealth Management LLC now owns 38,858 shares of the business services provider’s stock worth $8,283,000 after buying an additional 1,728 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Price Performance

WM traded up $0.48 on Tuesday, hitting $212.92. 941,619 shares of the company were exchanged, compared to its average volume of 1,713,546. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. The firm has a market capitalization of $85.40 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 2.43 and a beta of 0.74. The business’s fifty day moving average is $207.51 and its 200 day moving average is $198.95.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.31 earnings per share. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.41%. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Insider Activity

In related news, VP Michael J. Watson sold 4,208 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on WM. Deutsche Bank Aktiengesellschaft began coverage on Waste Management in a report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 target price on the stock. Royal Bank of Canada increased their price target on shares of Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. Stifel Nicolaus boosted their price objective on shares of Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Robert W. Baird increased their target price on shares of Waste Management from $214.00 to $222.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Finally, CIBC upped their price objective on shares of Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.61.

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.