Waste Management, Inc. (NYSE:WM) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,495 shares of the business services provider’s stock after buying an additional 50 shares during the quarter. Lindbrook Capital LLC’s holdings in Waste Management were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Waste Management by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock valued at $781,000 after purchasing an additional 44 shares in the last quarter. Ascent Group LLC lifted its holdings in shares of Waste Management by 0.6% in the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock valued at $1,520,000 after purchasing an additional 44 shares in the last quarter. Insight Wealth Strategies LLC lifted its holdings in shares of Waste Management by 0.4% in the first quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock valued at $2,698,000 after purchasing an additional 44 shares in the last quarter. Stonebridge Financial Group LLC lifted its holdings in shares of Waste Management by 3.0% in the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock valued at $355,000 after purchasing an additional 45 shares in the last quarter. Finally, Formidable Asset Management LLC lifted its stake in shares of Waste Management by 2.0% during the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after buying an additional 45 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

WM has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of Waste Management from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $225.00 to $277.00 in a research note on Friday, May 23rd. Oppenheimer increased their price target on shares of Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. CIBC increased their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, June 26th. Citigroup increased their price objective on shares of Waste Management from $260.00 to $271.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, Hsbc Global Res raised shares of Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $251.29.

Waste Management Stock Up 0.6%

WM stock opened at $227.13 on Monday. The firm’s 50-day moving average is $231.54 and its two-hundred day moving average is $226.73. The company has a market capitalization of $91.40 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.08. The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. On average, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. Waste Management’s dividend payout ratio is currently 49.77%.

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.