Waste Management, Inc. (NYSE:WM) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 7,844 shares of the business services provider’s stock after selling 82 shares during the quarter. Capital Investment Advisors LLC’s holdings in Waste Management were worth $1,360,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management in the first quarter valued at approximately $29,000. Ten Capital Wealth Advisors LLC boosted its holdings in shares of Waste Management by 1,106.7% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 181 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Steward Financial Group LLC acquired a new stake in shares of Waste Management in the fourth quarter worth $31,000. KB Financial Partners LLC purchased a new position in shares of Waste Management during the first quarter worth $33,000. Finally, State of Wyoming purchased a new stake in Waste Management in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 78.34% of the company’s stock.

Waste Management Stock Performance

Shares of NYSE:WM opened at $159.82 on Tuesday. The business’s 50 day moving average price is $161.99 and its 200-day moving average price is $162.47. Waste Management, Inc. has a 1 year low of $148.31 and a 1 year high of $173.71. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a market capitalization of $64.74 billion, a PE ratio of 28.74, a P/E/G ratio of 2.72 and a beta of 0.72.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, July 25th. The business services provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.03). The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.23 billion. Waste Management had a net margin of 11.42% and a return on equity of 33.81%. Waste Management’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $1.44 earnings per share. As a group, equities research analysts expect that Waste Management, Inc. will post 5.96 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.75%. Waste Management’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

Several brokerages have recently issued reports on WM. StockNews.com started coverage on Waste Management in a report on Thursday, August 17th. They issued a “buy” rating for the company. Raymond James lowered their price objective on Waste Management from $185.00 to $179.00 and set an “outperform” rating on the stock in a research report on Thursday, July 27th. Citigroup dropped their price objective on shares of Waste Management from $204.00 to $202.00 in a research note on Thursday, July 27th. BMO Capital Markets decreased their target price on shares of Waste Management from $167.00 to $166.00 in a research note on Thursday, July 27th. Finally, HSBC began coverage on shares of Waste Management in a report on Friday. They issued a “buy” rating and a $192.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $180.25.

Insider Activity at Waste Management

In other Waste Management news, Director John C. Pope sold 198 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $168.40, for a total transaction of $33,343.20. Following the transaction, the director now owns 56,147 shares of the company’s stock, valued at $9,455,154.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Bruce E. Chinn sold 172 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $159.44, for a total value of $27,423.68. Following the transaction, the director now directly owns 822 shares in the company, valued at $131,059.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Pope sold 198 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $168.40, for a total value of $33,343.20. Following the sale, the director now directly owns 56,147 shares of the company’s stock, valued at approximately $9,455,154.80. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

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.