SignalPoint Asset Management LLC Has $252,000 Stake in Waste Management, Inc. (NYSE:WM)

SignalPoint Asset Management LLC decreased its position in Waste Management, Inc. (NYSE:WM) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,183 shares of the business services provider’s stock after selling 50 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Waste Management were worth $252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC increased its position in shares of Waste Management by 8.5% in the third quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock valued at $4,407,000 after acquiring an additional 2,272 shares during the last quarter. Birch Hill Investment Advisors LLC increased its position in shares of Waste Management by 5.5% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock valued at $1,132,000 after acquiring an additional 332 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Waste Management by 13,927.7% in the fourth quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock valued at $90,319,000 after acquiring an additional 500,701 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Waste Management by 93.0% in the fourth quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after acquiring an additional 22,455 shares during the last quarter. Finally, DSM Capital Partners LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of Waste Management stock opened at $208.99 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The stock has a market cap of $83.82 billion, a price-to-earnings ratio of 34.20, a P/E/G ratio of 2.43 and a beta of 0.74. The company’s fifty day moving average is $207.37 and its 200 day moving average is $198.50.

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

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.75 per share. The ex-dividend date was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Insider Transactions at Waste Management

In other news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the transaction, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WM. Morgan Stanley lifted their target price on Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. BMO Capital Markets lifted their price target on Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Robert W. Baird lifted their price target on Waste Management from $214.00 to $222.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Finally, CIBC boosted their price objective on Waste Management from $207.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $217.61.

About Waste Management

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.