MONECO Advisors LLC Grows Stock Holdings in Waste Management, Inc. (NYSE:WM)

MONECO Advisors LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 13.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,278 shares of the business services provider’s stock after purchasing an additional 500 shares during the period. MONECO Advisors LLC’s holdings in Waste Management were worth $766,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Trust Co. of Vermont raised its holdings in Waste Management by 4.3% in the 4th quarter. Trust Co. of Vermont now owns 28,278 shares of the business services provider’s stock worth $5,065,000 after acquiring an additional 1,157 shares during the last quarter. ICA Group Wealth Management LLC raised its holdings in Waste Management by 18.9% in the 4th quarter. ICA Group Wealth Management LLC now owns 4,460 shares of the business services provider’s stock worth $799,000 after acquiring an additional 710 shares during the last quarter. Brown Shipley& Co Ltd raised its holdings in Waste Management by 4.6% in the 4th quarter. Brown Shipley& Co Ltd now owns 20,216 shares of the business services provider’s stock worth $3,621,000 after acquiring an additional 880 shares during the last quarter. Wellington Management Group LLP raised its holdings in Waste Management by 18.4% in the 4th quarter. Wellington Management Group LLP now owns 312,618 shares of the business services provider’s stock worth $55,990,000 after acquiring an additional 48,549 shares during the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Waste Management in the 4th quarter worth approximately $418,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Up 1.4 %

WM opened at $206.44 on Tuesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The firm’s fifty day moving average is $207.21 and its 200 day moving average is $197.69. The stock has a market cap of $82.80 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the company earned $1.31 EPS. Waste Management’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, June 7th. Waste Management’s payout ratio is currently 49.10%.

Analyst Ratings Changes

WM has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on shares of Waste Management from $202.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Royal Bank of Canada lifted their target price on shares of Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. Raymond James lifted their target price on shares of Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Robert W. Baird lifted their target price on shares of Waste Management from $214.00 to $222.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus lifted their target price on shares of Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $217.61.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the sale, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.