AllSquare Wealth Management LLC maintained its position in Waste Management, Inc. (NYSE:WM) during the first quarter, Holdings Channel reports. The firm owned 1,545 shares of the business services provider’s stock at the end of the first quarter. AllSquare Wealth Management LLC’s holdings in Waste Management were worth $113,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Waste Management during the fourth quarter valued at approximately $310,122,000. FMR LLC increased its position in Waste Management by 450.1% in the fourth quarter. FMR LLC now owns 1,166,861 shares of the business services provider’s stock valued at $82,743,000 after buying an additional 954,745 shares during the period. State Street Corp increased its position in Waste Management by 4.6% in the fourth quarter. State Street Corp now owns 21,153,410 shares of the business services provider’s stock valued at $1,499,981,000 after buying an additional 935,237 shares during the period. American Century Companies Inc. increased its position in Waste Management by 8,682.3% in the first quarter. American Century Companies Inc. now owns 798,311 shares of the business services provider’s stock valued at $58,213,000 after buying an additional 789,221 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Waste Management by 1,000.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 782,783 shares of the business services provider’s stock valued at $55,515,000 after buying an additional 711,644 shares during the period. Institutional investors and hedge funds own 75.53% of the company’s stock.
Shares of Waste Management, Inc. (NYSE WM) opened at 74.14 on Friday. Waste Management, Inc. has a 52 week low of $61.08 and a 52 week high of $74.58. The firm’s 50-day moving average is $72.58 and its 200-day moving average is $71.70. The firm has a market capitalization of $32.77 billion, a P/E ratio of 27.05 and a beta of 0.71.
Waste Management (NYSE:WM) last posted its earnings results on Wednesday, April 26th. The business services provider reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. The business had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.33 billion. Waste Management had a return on equity of 24.76% and a net margin of 8.81%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. Equities analysts anticipate that Waste Management, Inc. will post $3.18 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Wednesday, June 7th. Waste Management’s payout ratio is presently 62.04%.
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WM has been the topic of several research reports. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Friday, April 28th. KeyCorp upped their price target on shares of Waste Management from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 11th. Wedbush upped their price target on shares of Waste Management from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 21st. Finally, Barclays PLC downgraded shares of Waste Management from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $70.00 to $73.00 in a research note on Wednesday, March 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Waste Management has a consensus rating of “Hold” and an average price target of $72.01.
In other Waste Management news, SVP Barry H. Caldwell sold 8,142 shares of Waste Management stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $73.52, for a total transaction of $598,599.84. Following the completion of the transaction, the senior vice president now owns 35,916 shares of the company’s stock, valued at approximately $2,640,544.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Barry H. Caldwell sold 3,100 shares of Waste Management stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $73.50, for a total value of $227,850.00. Following the transaction, the senior vice president now directly owns 48,813 shares of the company’s stock, valued at approximately $3,587,755.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock valued at $1,331,990 in the last ninety days. Insiders own 0.19% of the company’s stock.
About Waste Management
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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