Willingdon Wealth Management Acquires 605 Shares of Waste Management, Inc. (WM)

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Willingdon Wealth Management increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.8% in the first quarter, HoldingsChannel.com reports. The firm owned 34,651 shares of the business services provider’s stock after buying an additional 605 shares during the quarter. Willingdon Wealth Management’s holdings in Waste Management were worth $3,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of WM. We Are One Seven LLC acquired a new stake in shares of Waste Management in the 4th quarter worth $26,000. Larson Financial Group LLC acquired a new stake in shares of Waste Management in the 4th quarter worth $26,000. Executive Wealth Management LLC acquired a new stake in shares of Waste Management in the 4th quarter worth $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Waste Management in the 4th quarter worth $27,000. Finally, Washington Trust Bank acquired a new stake in shares of Waste Management in the 1st quarter worth $28,000. Hedge funds and other institutional investors own 74.16% of the company’s stock.

Shares of WM traded down $1.16 during trading hours on Friday, reaching $108.43. The company had a trading volume of 1,200,077 shares, compared to its average volume of 1,724,508. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $46.06 billion, a PE ratio of 25.82, a P/E/G ratio of 2.96 and a beta of 0.67. Waste Management, Inc. has a 12-month low of $79.96 and a 12-month high of $109.99.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.68 billion. Waste Management had a net margin of 12.43% and a return on equity of 29.12%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. On average, research analysts anticipate that Waste Management, Inc. will post 4.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.5125 per share. The ex-dividend date is Thursday, June 6th. This represents a $2.05 annualized dividend and a yield of 1.89%. Waste Management’s dividend payout ratio (DPR) is currently 48.81%.

In other Waste Management news, EVP John J. Morris sold 42,795 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $106.38, for a total transaction of $4,552,532.10. Following the completion of the transaction, the executive vice president now directly owns 101,332 shares in the company, valued at approximately $10,779,698.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael J. Watson sold 700 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $104.55, for a total transaction of $73,185.00. Following the transaction, the vice president now owns 9,518 shares of the company’s stock, valued at $995,106.90. The disclosure for this sale can be found here. Insiders have sold a total of 43,811 shares of company stock valued at $4,657,346 over the last 90 days. 0.14% of the stock is currently owned by insiders.

Several analysts have recently commented on WM shares. Argus raised their target price on shares of Waste Management from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Oppenheimer increased their price target on shares of Waste Management from $95.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, February 15th. Royal Bank of Canada began coverage on shares of Waste Management in a report on Wednesday, May 1st. They issued a “sector perform” rating and a $113.00 price target for the company. KeyCorp began coverage on shares of Waste Management in a report on Monday, February 4th. They issued an “overweight” rating and a $96.00 price target for the company. Finally, Stifel Nicolaus downgraded shares of Waste Management from a “buy” rating to a “hold” rating and set a $103.00 price target for the company. in a report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $105.22.

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About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM).

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

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