MGO One Seven LLC Grows Stock Position in Waste Management, Inc. (NYSE:WM)

MGO One Seven LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,856 shares of the business services provider’s stock after acquiring an additional 553 shares during the quarter. MGO One Seven LLC’s holdings in Waste Management were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC raised its position in shares of 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 purchasing an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management in the second quarter valued at $31,000. Sachetta LLC acquired a new stake in shares of Waste Management during the fourth quarter valued at $27,000. Opal Wealth Advisors LLC purchased a new stake in Waste Management during the 1st quarter worth about $35,000. Finally, DSM Capital Partners LLC acquired a new position in Waste Management in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $207.61 on Thursday. The firm’s fifty day simple moving average is $209.33 and its 200 day simple moving average is $208.76. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $225.00. The firm has a market capitalization of $83.27 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.29 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The company had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share. As a group, equities research analysts expect that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. Waste Management’s payout ratio is currently 49.10%.

Insider Activity

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WM shares. Robert W. Baird decreased their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Royal Bank of Canada cut their price target on Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft started coverage on Waste Management in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 target price for the company. Finally, The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $215.83.

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.