Sage Investment Advisers LLC Invests $1.55 Million in Waste Management, Inc. $WM

Sage Investment Advisers LLC acquired a new position in Waste Management, Inc. (NYSE:WMFree Report) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 7,072 shares of the business services provider’s stock, valued at approximately $1,554,000. Waste Management makes up about 1.2% of Sage Investment Advisers LLC’s holdings, making the stock its 26th biggest position.

A number of other large investors have also recently made changes to their positions in the business. Broadway Wealth Solutions Inc. grew its position in shares of Waste Management by 2.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after buying an additional 44 shares during the last quarter. San Luis Wealth Advisors LLC grew its position in shares of 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 worth $422,000 after buying an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC grew its position in shares of 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 buying an additional 45 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its position in shares of Waste Management by 1.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock worth $527,000 after buying an additional 45 shares during the last quarter. Finally, Old Port Advisors grew its position in shares of Waste Management by 0.3% in the 4th quarter. Old Port Advisors now owns 16,963 shares of the business services provider’s stock worth $3,727,000 after buying an additional 46 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management Price Performance

WM opened at $211.32 on Monday. The stock has a 50-day moving average price of $224.81 and a 200-day moving average price of $224.20. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market cap of $84.86 billion, a PE ratio of 30.58, a P/E/G ratio of 2.21 and a beta of 0.45. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. Sell-side analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s dividend payout ratio is presently 54.70%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Barclays lifted their price objective on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird lifted their price target on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. TD Cowen lifted their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $255.67.

Check Out Our Latest Analysis on WM

Insiders Place Their Bets

In other Waste Management news, COO John J. Morris sold 7,979 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $245.07, for a total value of $1,955,413.53. Following the transaction, the chief operating officer owned 98,656 shares of the company’s stock, valued at approximately $24,177,625.92. This represents a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Johnson Varkey sold 617 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $244.13, for a total value of $150,628.21. Following the completion of the transaction, the senior vice president directly owned 9,607 shares in the company, valued at approximately $2,345,356.91. This represents a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 13,111 shares of company stock worth $3,205,492. Corporate insiders own 0.18% of the company’s stock.

Waste Management Profile

(Free Report)

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.

See Also

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

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