Baldwin Wealth Partners LLC MA Purchases 2,283 Shares of Waste Management, Inc. (NYSE:WM)

Baldwin Wealth Partners LLC MA raised its position in Waste Management, Inc. (NYSE:WM) by 1.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 137,698 shares of the business services provider’s stock after buying an additional 2,283 shares during the period. Waste Management makes up 2.2% of Baldwin Wealth Partners LLC MA’s portfolio, making the stock its 11th biggest holding. Baldwin Wealth Partners LLC MA’s holdings in Waste Management were worth $31,879,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its stake in 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 acquiring an additional 44 shares during the period. Ascent Group LLC grew its stake in 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 acquiring an additional 44 shares during the period. Insight Wealth Strategies LLC lifted its stake in Waste Management by 0.4% during the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock valued at $2,698,000 after acquiring an additional 44 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in Waste Management by 0.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock valued at $1,366,000 after acquiring an additional 45 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Waste Management by 8.2% during the 4th quarter. Covestor Ltd now owns 609 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 46 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on WM shares. Wall Street Zen upgraded Waste Management from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Seaport Res Ptn upgraded Waste Management to a “hold” rating in a research note on Tuesday, May 6th. William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Tuesday, April 29th. National Bank Financial upgraded Waste Management to a “hold” rating in a research note on Monday, May 26th. Finally, Robert W. Baird lifted their target price on Waste Management from $235.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.06.

Insider Buying and Selling

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

Waste Management Stock Down 1.0%

Shares of Waste Management stock opened at $236.33 on Monday. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $242.58. The firm’s 50-day moving average is $231.31 and its two-hundred day moving average is $223.48. The stock has a market cap of $95.10 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 2.71 and a beta of 0.66.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.59 by $0.08. The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.14 billion. Waste Management had a net margin of 12.45% and a return on equity of 37.93%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 earnings per share. As a group, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.825 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.30 annualized dividend and a yield of 1.40%. Waste Management’s dividend payout ratio (DPR) is presently 49.77%.

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.