Waste Management, Inc. (NYSE:WM) Shares Purchased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC boosted its holdings in Waste Management, Inc. (NYSE:WM) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,702 shares of the business services provider’s stock after acquiring an additional 114 shares during the period. Daymark Wealth Partners LLC’s holdings in Waste Management were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in WM. Portside Wealth Group LLC raised its position in shares of Waste Management by 11.8% during the 1st quarter. Portside Wealth Group LLC now owns 3,672 shares of the business services provider’s stock worth $850,000 after purchasing an additional 389 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its stake in Waste Management by 18.6% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,510 shares of the business services provider’s stock valued at $350,000 after buying an additional 237 shares in the last quarter. NewSquare Capital LLC lifted its stake in Waste Management by 24.2% in the 1st quarter. NewSquare Capital LLC now owns 451 shares of the business services provider’s stock valued at $104,000 after buying an additional 88 shares in the last quarter. Greystone Financial Group LLC lifted its position in shares of Waste Management by 13.8% in the first quarter. Greystone Financial Group LLC now owns 41,660 shares of the business services provider’s stock valued at $9,645,000 after acquiring an additional 5,054 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its position in shares of Waste Management by 11.4% in the first quarter. Toth Financial Advisory Corp now owns 19,139 shares of the business services provider’s stock valued at $4,431,000 after acquiring an additional 1,956 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Waste Management

In other news, CFO Devina A. Rankin sold 57,888 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was 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 now directly owns 83,934 shares in the company, valued at $19,922,574.24. This trade 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 firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total value of $159,609.94. Following the sale, the senior vice president now owns 16,542 shares of the company’s stock, valued at approximately $3,917,311.02. This trade represents a 3.91% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Waste Management Price Performance

Waste Management stock opened at $233.94 on Tuesday. Waste Management, Inc. has a 52-week low of $196.59 and a 52-week high of $242.58. The firm has a fifty day moving average of $231.29 and a 200-day moving average of $223.55. The firm has a market capitalization of $94.14 billion, a P/E ratio of 34.40, a PEG ratio of 2.71 and a beta of 0.66. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.08. Waste Management had a return on equity of 37.93% and a net margin of 12.45%. The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the prior year, the firm earned $1.75 EPS. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.825 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.41%. Waste Management’s dividend payout ratio (DPR) is currently 49.77%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WM shares. 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 report on Wednesday, April 30th. National Bank Financial raised shares of Waste Management to a “hold” rating in a research note on Monday, May 26th. JPMorgan Chase & Co. raised shares of Waste Management from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $225.00 to $277.00 in a research note on Friday, May 23rd. CIBC increased their price target on Waste Management from $227.00 to $247.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Finally, Robert W. Baird increased their price target on Waste Management from $235.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th. Nine investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $248.00.

Waste Management 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.