Waste Management, Inc. $WM Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC cut its holdings in shares of Waste Management, Inc. (NYSE:WM) by 93.0% during the first quarter, Holdings Channel.com reports. The fund owned 5,463 shares of the business services provider’s stock after selling 72,666 shares during the period. Clarkston Capital Partners LLC’s holdings in Waste Management were worth $1,255,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Broadway Wealth Solutions Inc. increased its position in shares of Waste Management by 2.8% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock valued at $349,000 after buying an additional 44 shares in the last quarter. Bey Douglas LLC lifted its position in shares of Waste Management by 3.7% during the 4th quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock valued at $271,000 after buying an additional 44 shares in the last quarter. San Luis Wealth Advisors LLC grew its stake in Waste Management by 2.4% in the 4th quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock valued at $422,000 after acquiring an additional 45 shares during the period. Birch Hill Investment Advisors LLC increased its holdings in Waste Management by 0.7% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after acquiring an additional 45 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its position in Waste Management by 1.9% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock worth $527,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 0.3%

Shares of Waste Management stock opened at $237.17 on Friday. The stock has a 50 day moving average of $223.79 and a 200 day moving average of $226.99. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market capitalization of $95.24 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 2.88 and a beta of 0.44. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the business posted $1.67 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s payout ratio is 54.70%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WM. Citigroup upped their price target on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Barclays boosted their price objective on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Robert W. Baird lifted their price target on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Finally, TD Cowen increased their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.74.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.