G&S Capital LLC Trims Stock Position in Waste Management, Inc. (NYSE:WM)

G&S Capital LLC decreased its holdings in Waste Management, Inc. (NYSE:WM) by 18.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,702 shares of the business services provider’s stock after selling 3,053 shares during the quarter. Waste Management accounts for 1.3% of G&S Capital LLC’s portfolio, making the stock its 20th largest position. G&S Capital LLC’s holdings in Waste Management were worth $2,921,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WM. Integrated Wealth Concepts LLC lifted its position in shares of Waste Management by 8.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock valued at $4,407,000 after buying an additional 2,272 shares in the last quarter. Birch Hill Investment Advisors LLC raised its stake in Waste Management by 5.5% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock worth $1,132,000 after acquiring an additional 332 shares during the period. International Assets Investment Management LLC lifted its holdings in Waste Management by 13,927.7% during 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 purchasing an additional 500,701 shares in the last quarter. Pacer Advisors Inc. boosted 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 worth $8,348,000 after purchasing an additional 22,455 shares during the period. Finally, DSM Capital Partners LLC purchased a new stake in shares of Waste Management in the fourth quarter worth $38,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WM has been the topic of a number of analyst reports. Erste Group Bank restated a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. Jefferies Financial Group upped their price objective on Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Robert W. Baird boosted 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, Morgan Stanley increased their price objective on shares of Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $217.61.

Waste Management Stock Up 0.3 %

NYSE WM opened at $212.70 on Thursday. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $214.54. The firm has a market capitalization of $85.31 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 2.47 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. The company has a fifty day moving average of $207.65 and a two-hundred day moving average of $199.23.

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

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Insiders Place Their Bets

In related news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now directly owns 45,644 shares in the company, valued at $9,324,156.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Waste Management Company 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.