Capital Investment Advisory Services LLC Sells 1,849 Shares of Waste Management, Inc. (NYSE:WM)

Capital Investment Advisory Services LLC decreased its holdings in Waste Management, Inc. (NYSE:WM) by 44.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,349 shares of the business services provider’s stock after selling 1,849 shares during the period. Capital Investment Advisory Services LLC’s holdings in Waste Management were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WM. Gilfoyle & Co LLC bought a new position in shares of Waste Management during the fourth quarter worth approximately $30,000. Millburn Ridgefield Corp bought a new position in shares of Waste Management during the third quarter worth approximately $35,000. Spirit of America Management Corp NY increased its stake in shares of Waste Management by 66.7% during the third quarter. Spirit of America Management Corp NY now owns 250 shares of the business services provider’s stock worth $38,000 after purchasing an additional 100 shares during the period. Rational Advisors LLC bought a new position in shares of Waste Management during the third quarter worth approximately $41,000. Finally, Janiczek Wealth Management LLC increased its stake in Waste Management by 127.3% during the 4th quarter. Janiczek Wealth Management LLC now owns 300 shares of the business services provider’s stock worth $54,000 after acquiring an additional 168 shares during the period. Institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other news, VP Donald J. Smith sold 329 shares of Waste Management stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total value of $65,326.24. Following the completion of the transaction, the vice president now directly owns 5,522 shares of the company’s stock, valued at approximately $1,096,448.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Christopher P. Desantis sold 346 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total value of $69,075.44. Following the completion of the sale, the senior vice president now directly owns 8,218 shares of the company’s stock, valued at approximately $1,640,641.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Donald J. Smith sold 329 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total value of $65,326.24. Following the completion of the sale, the vice president now directly owns 5,522 shares of the company’s stock, valued at $1,096,448.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,007 shares of company stock valued at $3,696,520. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WM. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Royal Bank of Canada began coverage on Waste Management in a research note on Monday, April 8th. They set a “sector perform” rating and a $211.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Waste Management from $165.00 to $197.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. BMO Capital Markets raised their target price on Waste Management from $184.00 to $196.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Finally, Citigroup raised their target price on Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $204.85.

Waste Management Stock Up 0.6 %

Shares of NYSE:WM opened at $208.77 on Wednesday. The firm has a market cap of $83.78 billion, a P/E ratio of 36.89, a P/E/G ratio of 3.15 and a beta of 0.72. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 2.30. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $214.54. The business has a fifty day simple moving average of $207.88 and a 200 day simple moving average of $186.15.

Waste Management (NYSE:WM) last announced its earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.21. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.19 billion. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. During the same period last year, the company earned $1.30 EPS. Analysts predict that Waste Management, Inc. will post 6.88 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. Waste Management’s dividend payout ratio (DPR) is 53.00%.

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.