HF Advisory Group LLC Sells 69 Shares of Waste Management, Inc. (NYSE:WM)

by · The Cerbat Gem

HF Advisory Group LLC decreased its stake in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 1.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,798 shares of the business services provider’s stock after selling 69 shares during the quarter. HF Advisory Group LLC’s holdings in Waste Management were worth $879,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in WM. T. Rowe Price Investment Management Inc. grew its position in Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock worth $781,000 after purchasing an additional 44 shares during the last quarter. Ascent Group LLC grew its holdings in Waste Management by 0.6% during the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock worth $1,520,000 after acquiring an additional 44 shares during the period. Insight Wealth Strategies LLC raised its holdings in shares of Waste Management by 0.4% in the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock worth $2,698,000 after purchasing an additional 44 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of 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 worth $1,366,000 after acquiring an additional 45 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Waste Management by 8.2% in the fourth quarter. Covestor Ltd now owns 609 shares of the business services provider’s stock worth $123,000 after acquiring an additional 46 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Down 0.5%

WM opened at $239.07 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $242.58. The company has a market capitalization of $96.20 billion, a PE ratio of 35.16, a PEG ratio of 2.71 and a beta of 0.67. The firm’s 50 day simple moving average is $231.13 and its two-hundred day simple moving average is $223.18.

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

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, June 6th. Waste Management’s payout ratio is currently 49.77%.

Insiders Place Their Bets

In related news, SVP Rafael Carrasco sold 674 shares of the business’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 directly owns 16,542 shares in the company, valued at $3,917,311.02. The trade was a 3.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO John A. Carroll sold 1,251 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $225.92, for a total transaction of $282,625.92. Following the sale, the chief accounting officer now directly owns 8,420 shares of the company’s stock, valued at $1,902,246.40. The trade was a 12.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,966 shares of company stock valued at $18,486,402. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Hsbc Global Res raised Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. National Bank Financial upgraded shares of Waste Management to a “hold” rating in a research note on Monday, May 26th. Citigroup raised their target price on Waste Management from $260.00 to $271.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Wall Street Zen raised Waste Management from a “hold” rating to a “buy” rating in a report on Tuesday, April 29th. Finally, Seaport Res Ptn raised Waste Management to a “hold” rating in a report on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $247.06.

Get Our Latest Stock Report on Waste Management

Waste Management Profile

(Free Report)

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.

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