Waste Management (WM) Stake Lowered by AlphaMark Advisors LLC

AlphaMark Advisors LLC cut its holdings in Waste Management (NYSE:WM) by 8.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,317 shares of the business services provider’s stock after selling 3,503 shares during the quarter. AlphaMark Advisors LLC’s holdings in Waste Management were worth $3,139,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Oakworth Capital Inc. boosted its stake in shares of Waste Management by 20.3% in the fourth quarter. Oakworth Capital Inc. now owns 3,796 shares of the business services provider’s stock worth $312,000 after acquiring an additional 641 shares during the last quarter. Sowell Financial Services LLC boosted its stake in shares of Waste Management by 7.1% in the fourth quarter. Sowell Financial Services LLC now owns 9,653 shares of the business services provider’s stock worth $849,000 after acquiring an additional 644 shares during the last quarter. Johanson Financial Advisors Inc. boosted its stake in shares of Waste Management by 16.2% in the first quarter. Johanson Financial Advisors Inc. now owns 4,748 shares of the business services provider’s stock worth $400,000 after acquiring an additional 663 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Waste Management by 10.7% in the first quarter. Checchi Capital Advisers LLC now owns 7,093 shares of the business services provider’s stock worth $597,000 after acquiring an additional 685 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its stake in shares of Waste Management by 12.2% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 6,338 shares of the business services provider’s stock worth $518,000 after acquiring an additional 690 shares during the last quarter. Institutional investors and hedge funds own 77.10% of the company’s stock.

In other Waste Management news, VP John J. Morris sold 18,254 shares of Waste Management stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $84.83, for a total value of $1,548,486.82. Following the sale, the vice president now owns 56,338 shares in the company, valued at $4,779,152.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeff M. Harris sold 60,088 shares of Waste Management stock in a transaction on Monday, February 26th. The shares were sold at an average price of $86.67, for a total value of $5,207,826.96. Following the completion of the sale, the vice president now owns 80,203 shares in the company, valued at approximately $6,951,194.01. The disclosure for this sale can be found here. Insiders have sold 112,200 shares of company stock worth $9,649,308 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

NYSE WM opened at $81.48 on Friday. The firm has a market cap of $35.44 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.69 and a beta of 0.70. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 1.47. Waste Management has a fifty-two week low of $81.59 and a fifty-two week high of $82.50.

Waste Management (NYSE:WM) last released its quarterly earnings data on Friday, April 20th. The business services provider reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.09. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.57 billion. Waste Management had a return on equity of 26.73% and a net margin of 14.06%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. equities analysts anticipate that Waste Management will post 4.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be paid a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, June 7th. Waste Management’s dividend payout ratio (DPR) is currently 57.76%.

A number of analysts have recently issued reports on WM shares. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Sunday, January 21st. Raymond James raised Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research note on Friday, February 16th. UBS raised Waste Management from a “market perform” rating to an “outperform” rating in a research note on Friday, February 16th. Finally, BMO Capital Markets lowered their price objective on Waste Management from $97.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, April 20th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $90.89.

About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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.

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

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