Tandem Capital Management Corp ADV Acquires 2,728 Shares of Waste Management, Inc. $WM

Tandem Capital Management Corp ADV increased its holdings in Waste Management, Inc. (NYSE:WM) by 41.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,311 shares of the business services provider’s stock after purchasing an additional 2,728 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Waste Management were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of WM. Cornerstone Planning Group LLC grew its stake in shares of Waste Management by 101.5% in the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after purchasing an additional 67 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Waste Management in the third quarter worth about $30,000. Kelleher Financial Advisors bought a new stake in shares of Waste Management in the fourth quarter worth about $31,000. Holos Integrated Wealth LLC bought a new stake in shares of Waste Management in the fourth quarter worth about $40,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Waste Management in the third quarter worth about $41,000. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

WM stock opened at $230.39 on Tuesday. The firm has a 50 day moving average price of $233.34 and a 200-day moving average price of $221.97. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The firm has a market capitalization of $92.82 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter in the previous year, the firm earned $1.70 earnings per share. Waste Management’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, March 13th. This is an increase from Waste Management’s previous quarterly dividend of $0.83. Waste Management’s dividend payout ratio (DPR) is presently 56.42%.

Insider Buying and Selling

In related news, CEO James C. Fish, Jr. sold 30,390 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $230.36, for a total value of $7,000,640.40. Following the completion of the transaction, the chief executive officer directly owned 225,793 shares in the company, valued at $52,013,675.48. The trade was a 11.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rafael Carrasco sold 7,352 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $234.50, for a total transaction of $1,724,044.00. Following the completion of the transaction, the senior vice president owned 15,540 shares of the company’s stock, valued at approximately $3,644,130. The trade was a 32.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 98,042 shares of company stock worth $23,039,777 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WM shares. Citigroup cut their target price on Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Morgan Stanley cut their target price on Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Oppenheimer raised their target price on Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Scotiabank restated a “sector perform” rating and issued a $250.00 price objective (down from $254.00) on shares of Waste Management in a report on Wednesday, January 21st. Finally, Stifel Nicolaus raised their price objective on shares of Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.82.

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.