Vestor Capital LLC Sells 573 Shares of Waste Management, Inc. (NYSE:WM)

Vestor Capital LLC trimmed its holdings in Waste Management, Inc. (NYSE:WMGet Rating) by 1.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,775 shares of the business services provider’s stock after selling 573 shares during the quarter. Vestor Capital LLC’s holdings in Waste Management were worth $6,146,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC raised its holdings in Waste Management by 10.4% during the 1st quarter. JFS Wealth Advisors LLC now owns 688 shares of the business services provider’s stock valued at $109,000 after buying an additional 65 shares during the period. Edge Capital Group LLC grew its position in shares of Waste Management by 1.9% during the 1st quarter. Edge Capital Group LLC now owns 3,495 shares of the business services provider’s stock worth $554,000 after buying an additional 65 shares in the last quarter. Clean Yield Group grew its position in shares of Waste Management by 9.1% during the 1st quarter. Clean Yield Group now owns 792 shares of the business services provider’s stock worth $126,000 after buying an additional 66 shares in the last quarter. Glassman Wealth Services grew its position in shares of Waste Management by 7.1% during the 1st quarter. Glassman Wealth Services now owns 1,007 shares of the business services provider’s stock worth $160,000 after buying an additional 67 shares in the last quarter. Finally, MONECO Advisors LLC boosted its position in Waste Management by 2.0% during the fourth quarter. MONECO Advisors LLC now owns 3,597 shares of the business services provider’s stock valued at $527,000 after purchasing an additional 70 shares in the last quarter. 80.37% of the stock is owned by hedge funds and other institutional investors.

Waste Management Trading Down 0.2 %

Shares of WM stock traded down $0.30 on Friday, hitting $168.83. The stock had a trading volume of 1,468,903 shares, compared to its average volume of 1,447,930. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.07 and a quick ratio of 1.03. The firm has a market capitalization of $69.78 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.60 and a beta of 0.77. Waste Management, Inc. has a 1 year low of $138.58 and a 1 year high of $170.18. The company’s 50 day moving average price is $154.06 and its 200-day moving average price is $154.05.

Waste Management (NYSE:WMGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.08. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Waste Management had a return on equity of 30.69% and a net margin of 11.27%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. Analysts anticipate that Waste Management, Inc. will post 5.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $2.60 annualized dividend and a dividend yield of 1.54%. Waste Management’s dividend payout ratio is currently 50.78%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Raymond James raised their price objective on Waste Management from $167.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, April 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Waste Management from $157.00 to $167.00 in a research report on Thursday, April 28th. Morgan Stanley lifted their price target on Waste Management from $160.00 to $165.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 20th. BMO Capital Markets cut Waste Management from an “outperform” rating to a “market perform” rating and set a $174.00 price target for the company. in a research report on Tuesday, April 12th. Finally, Oppenheimer set a $160.00 price objective on Waste Management in a report on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $164.86.

Insider Activity

In related news, Director John C. Pope sold 219 shares of Waste Management stock in a transaction on Monday, July 18th. The stock was sold at an average price of $152.19, for a total transaction of $33,329.61. Following the completion of the transaction, the director now directly owns 55,439 shares of the company’s stock, valued at $8,437,261.41. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Waste Management Profile

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

Further Reading

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

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