Quadcap Wealth Management LLC Has $1.18 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Quadcap Wealth Management LLC decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,848 shares of the business services provider’s stock after selling 604 shares during the period. Quadcap Wealth Management LLC’s holdings in Waste Management were worth $1,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WM. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock worth $781,000 after purchasing an additional 44 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings 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 purchasing an additional 45 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Waste Management by 8.2% in the 4th quarter. Covestor Ltd now owns 609 shares of the business services provider’s stock worth $123,000 after purchasing an additional 46 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in shares of Waste Management by 2.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock worth $411,000 after purchasing an additional 48 shares in the last quarter. Finally, Maia Wealth LLC lifted its holdings in shares of Waste Management by 4.1% in the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider’s stock worth $259,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.1%

Shares of NYSE WM opened at $222.07 on Thursday. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $239.32. The business has a 50-day simple moving average of $228.22 and a two-hundred day simple moving average of $221.38. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The company has a market cap of $89.36 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.71 and a beta of 0.67.

Waste Management (NYSE:WM) last issued its quarterly 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. The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.14 billion. Waste Management had a return on equity of 37.93% and a net margin of 12.45%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the company posted $1.75 EPS. Research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.49%. Waste Management’s dividend payout ratio (DPR) is presently 49.77%.

Insider Buying and Selling

In related news, CAO John A. Carroll sold 1,251 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $225.92, for a total value of $282,625.92. Following the completion of the sale, the chief accounting officer now owns 8,420 shares in the company, valued at $1,902,246.40. The trade was a 12.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Michael J. Watson sold 5,732 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $227.51, for a total value of $1,304,087.32. Following the completion of the sale, the vice president now owns 55,587 shares of the company’s stock, valued at $12,646,598.37. The trade was a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,522 shares of company stock worth $18,084,124 in the last quarter. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WM shares. Seaport Res Ptn upgraded Waste Management to a “hold” rating in a research note on Tuesday, May 6th. UBS Group raised their price objective on Waste Management from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Jefferies Financial Group dropped their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. CIBC raised their target price on Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Finally, Robert W. Baird raised their target price on Waste Management from $235.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.29.

About Waste Management

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.