MV Capital Management Inc. Has $252,000 Holdings in Waste Management, Inc. (NYSE:WM)

MV Capital Management Inc. boosted its position in Waste Management, Inc. (NYSE:WM) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,087 shares of the business services provider’s stock after buying an additional 51 shares during the period. MV Capital Management Inc.’s holdings in Waste Management were worth $252,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its position in shares of Waste Management by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock valued at $781,000 after acquiring an additional 44 shares during the period. Ascent Group LLC boosted its position in Waste Management by 0.6% during the 4th quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock valued at $1,520,000 after acquiring an additional 44 shares in the last quarter. Insight Wealth Strategies LLC grew its stake in Waste Management by 0.4% in the first quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock worth $2,698,000 after purchasing an additional 44 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Waste Management by 0.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock worth $1,366,000 after acquiring an additional 45 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Waste Management by 8.2% during the fourth quarter. Covestor Ltd now owns 609 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 46 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on WM. Wall Street Zen upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. HSBC upgraded shares of Waste Management from a “hold” rating to a “buy” rating and boosted their target price for the company from $210.00 to $265.00 in a research report on Friday, April 25th. Hsbc Global Res raised Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. National Bank Financial raised shares of Waste Management to a “hold” rating in a report on Monday, May 26th. Finally, Scotiabank lifted their price objective on shares of Waste Management from $255.00 to $260.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have 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 target price of $248.00.

Waste Management Price Performance

Shares of WM stock opened at $234.22 on Thursday. The stock has a 50 day moving average price of $231.42 and a 200 day moving average price of $223.70. Waste Management, Inc. has a 52-week low of $196.59 and a 52-week high of $242.58. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. The firm has a market capitalization of $94.25 billion, a P/E ratio of 34.44, a P/E/G ratio of 2.71 and a beta of 0.66.

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

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.30 annualized dividend and a yield of 1.41%. Waste Management’s payout ratio is currently 49.77%.

Insider Buying and Selling at Waste Management

In other news, CFO Devina A. Rankin sold 57,888 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the completion of the sale, the chief financial officer now owns 83,934 shares of the company’s stock, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rafael Carrasco sold 674 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the transaction, the senior vice president now directly owns 16,542 shares of the company’s stock, valued at $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 currently owned by corporate insiders.

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.