5,513 Shares in Waste Management, Inc. (NYSE:WM) Acquired by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. acquired a new position in shares of Waste Management, Inc. (NYSE:WMFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,513 shares of the business services provider’s stock, valued at approximately $987,000. Waste Management comprises about 0.8% of Ables Iannone Moore & Associates Inc.’s portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Waste Management in the third quarter valued at approximately $249,000. Rafferty Asset Management LLC raised its holdings in shares of Waste Management by 9.5% in the third quarter. Rafferty Asset Management LLC now owns 29,315 shares of the business services provider’s stock valued at $4,469,000 after purchasing an additional 2,540 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Waste Management during the third quarter worth $3,962,000. Envestnet Portfolio Solutions Inc. acquired a new position in Waste Management during the third quarter worth $6,671,000. Finally, Envestnet Asset Management Inc. increased its holdings in Waste Management by 29.7% during the third quarter. Envestnet Asset Management Inc. now owns 974,159 shares of the business services provider’s stock worth $148,501,000 after buying an additional 223,344 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the transaction, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Waste Management Price Performance

WM traded up $2.74 on Monday, hitting $206.38. 1,410,843 shares of the stock were exchanged, compared to its average volume of 1,718,854. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85. The firm has a market capitalization of $82.77 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.37 and a beta of 0.74. Waste Management, Inc. has a 12 month low of $149.71 and a 12 month high of $214.54. The business has a 50-day moving average of $207.22 and a two-hundred day moving average of $197.44.

Waste Management (NYSE:WMGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, June 7th. Waste Management’s dividend payout ratio is currently 49.10%.

Analysts Set New Price Targets

WM has been the topic of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Waste Management from $202.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. TD Cowen boosted their target price on shares of Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Robert W. Baird lifted their price objective on shares of Waste Management from $214.00 to $222.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Raymond James lifted their price objective on shares of Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, BMO Capital Markets lifted their price objective on shares of Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $217.61.

View Our Latest Report on Waste Management

About Waste Management

(Free Report)

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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