Waste Management, Inc. (NYSE:WM) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its holdings in Waste Management, Inc. (NYSE:WM) by 1.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,815 shares of the business services provider’s stock after selling 50 shares during the period. Tributary Capital Management LLC’s holdings in Waste Management were worth $813,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its holdings in Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. Sachetta LLC acquired a new position in Waste Management during the 4th quarter worth approximately $27,000. Gilfoyle & Co LLC acquired a new position in Waste Management during the 4th quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new position in Waste Management during the 1st quarter worth approximately $35,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Waste Management during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WM shares. 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 research report on Friday, April 26th. BMO Capital Markets boosted their price objective on shares of Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Management in a research report on Wednesday, May 22nd. They set a “buy” rating and a $241.00 price objective for the company. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Finally, Raymond James boosted their price objective 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. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $217.61.

Insider Buying and Selling at Waste Management

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

Waste Management Price Performance

NYSE WM traded up $0.15 during trading hours on Tuesday, reaching $209.51. The company’s stock had a trading volume of 33,106 shares, compared to its average volume of 1,719,175. The stock has a market cap of $84.03 billion, a PE ratio of 34.27, a PEG ratio of 2.48 and a beta of 0.74. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The company’s 50-day moving average is $208.06 and its two-hundred day moving average is $200.00. 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 (NYSE:WM) last released its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. Analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.75 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is 49.10%.

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.