Waste Management, Inc. $WM Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lowered its position in Waste Management, Inc. (NYSE:WM) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,064 shares of the business services provider’s stock after selling 4,572 shares during the quarter. Waste Management accounts for 1.4% of KCM Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest position. KCM Investment Advisors LLC’s holdings in Waste Management were worth $42,526,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WM. Elevated Capital Advisors LLC purchased a new stake in Waste Management during the 4th quarter worth $25,000. RHL Group LLC acquired a new position in shares of Waste Management in the fourth quarter worth about $29,000. Financial Network Wealth Advisors LLC boosted its holdings in Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of Waste Management during the 4th quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC bought a new position in Waste Management during the 3rd quarter valued at $30,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on WM. Wells Fargo & Company reduced their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Oppenheimer decreased their price target on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Robert W. Baird raised their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, Scotiabank lifted their target price on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $256.74.

Waste Management Price Performance

NYSE WM opened at $238.09 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a market cap of $95.61 billion, a PE ratio of 34.46, a PEG ratio of 2.90 and a beta of 0.44. The stock’s 50-day moving average price is $224.48 and its two-hundred day moving average price is $227.26.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business posted $1.67 EPS. The company’s revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Waste Management, Inc. will post 8.16 EPS for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s dividend payout ratio is presently 54.70%.

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.