Waste Management, Inc. $WM Shares Bought by Lido Advisors LLC

Lido Advisors LLC raised its position in Waste Management, Inc. (NYSE:WM) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,350 shares of the business services provider’s stock after acquiring an additional 2,765 shares during the quarter. Lido Advisors LLC’s holdings in Waste Management were worth $5,811,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after buying an additional 2,320 shares during the period. Sprott Inc. purchased a new position in shares of Waste Management in the 1st quarter valued at about $325,000. Sei Investments Co. boosted its stake in shares of Waste Management by 8.0% in the 2nd quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock valued at $62,339,000 after buying an additional 20,122 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Waste Management by 68.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock valued at $83,843,000 after buying an additional 148,590 shares during the period. Finally, Glenview Trust co boosted its stake in shares of Waste Management by 5.1% in the 2nd quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock valued at $764,000 after buying an additional 162 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WM shares. JPMorgan Chase & Co. lifted their price objective on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. TD Cowen lifted their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird lifted their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Royal Bank Of Canada lifted their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.67.

Waste Management Price Performance

WM stock opened at $220.45 on Friday. The stock has a market cap of $88.53 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.30 and a beta of 0.45. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The business has a 50 day moving average price of $223.62 and a 200 day moving average price of $224.46. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. Equities research analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s payout ratio is 54.70%.

Insider Activity at Waste Management

In other Waste Management news, COO John J. Morris sold 4,211 shares of Waste Management stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $243.38, for a total transaction of $1,024,873.18. Following the transaction, the chief operating officer owned 99,929 shares of the company’s stock, valued at $24,320,720.02. The trade was a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Johnson Varkey sold 121 shares of Waste Management stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $245.27, for a total value of $29,677.67. Following the transaction, the senior vice president directly owned 9,293 shares in the company, valued at approximately $2,279,294.11. This trade represents a 1.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 4,515 shares of company stock worth $1,099,450. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.