Waste Management, Inc. (NYSE:WM) Shares Sold by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV decreased its holdings in Waste Management, Inc. (NYSE:WM) by 1.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,863 shares of the business services provider’s stock after selling 225 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Waste Management were worth $3,441,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Waste Management by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 37,300,278 shares of the business services provider’s stock worth $7,526,823,000 after purchasing an additional 538,567 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Waste Management by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,210,371 shares of the business services provider’s stock worth $1,654,173,000 after buying an additional 64,260 shares during the period. Parnassus Investments LLC lifted its stake in shares of Waste Management by 22.5% during the fourth quarter. Parnassus Investments LLC now owns 6,272,009 shares of the business services provider’s stock worth $1,265,629,000 after buying an additional 1,151,237 shares during the period. Norges Bank acquired a new stake in Waste Management during the 4th quarter worth about $1,009,726,000. Finally, Ameriprise Financial Inc. lifted its position in Waste Management by 5.8% during the 4th quarter. Ameriprise Financial Inc. now owns 4,076,447 shares of the business services provider’s stock worth $822,588,000 after acquiring an additional 224,279 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $234.01 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The stock has a market capitalization of $94.17 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.71 and a beta of 0.66. The stock has a 50-day moving average of $231.24 and a 200 day moving average of $223.62. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $242.58.

Waste Management (NYSE:WM) last announced its earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.08. The business 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 business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.30 annualized dividend and a dividend yield of 1.41%. Waste Management’s dividend payout ratio (DPR) is presently 49.77%.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 674 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the transaction, the senior vice president now owns 16,542 shares in the company, valued at approximately $3,917,311.02. This trade represents a 3.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Devina A. Rankin sold 57,888 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the completion of the transaction, the chief financial officer now owns 83,934 shares in the company, valued at $19,922,574.24. The trade was a 40.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WM shares. Seaport Res Ptn raised Waste Management to a “hold” rating in a report on Tuesday, May 6th. UBS Group lifted their price objective on shares of Waste Management from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Melius began coverage on shares of Waste Management in a research note on Monday. They set a “buy” rating for the company. Scotiabank boosted their target price on shares of Waste Management from $255.00 to $260.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 8th. Finally, Robert W. Baird boosted their target price on shares of 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, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.00.

Waste Management 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.