Capital Advisors Inc. OK Sells 54,869 Shares of Waste Management, Inc. (NYSE:WM)

Capital Advisors Inc. OK reduced its position in Waste Management, Inc. (NYSE:WMGet Rating) by 25.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 161,183 shares of the business services provider’s stock after selling 54,869 shares during the period. Capital Advisors Inc. OK’s holdings in Waste Management were worth $24,658,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Waste Management during the fourth quarter worth about $687,551,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Waste Management by 7,498.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,005,882 shares of the business services provider’s stock worth $334,782,000 after buying an additional 1,979,482 shares during the period. Diamond Hill Capital Management Inc. bought a new position in Waste Management during the first quarter worth $280,829,000. Aaron Wealth Advisors LLC raised its position in shares of Waste Management by 15,459.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,687,232 shares of the business services provider’s stock worth $10,645,000 after acquiring an additional 1,676,388 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Waste Management by 194.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,217,592 shares of the business services provider’s stock valued at $192,988,000 after buying an additional 804,708 shares during the period. 74.74% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

WM traded down $1.30 during trading on Friday, reaching $165.57. 69,225 shares of the company were exchanged, compared to its average volume of 1,687,474. The company’s 50-day moving average is $167.57 and its two-hundred day moving average is $159.87. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 1.95. Waste Management, Inc. has a 12-month low of $138.58 and a 12-month high of $175.98. The company has a market cap of $68.44 billion, a price-to-earnings ratio of 32.31, a P/E/G ratio of 2.51 and a beta of 0.76.

Waste Management (NYSE:WMGet Rating) last announced its earnings results on Wednesday, July 27th. The business services provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.08. The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.84 billion. Waste Management had a net margin of 11.27% and a return on equity of 30.69%. Waste Management’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $1.27 earnings per share. Research analysts forecast that Waste Management, Inc. will post 5.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, September 8th. Waste Management’s dividend payout ratio (DPR) is presently 50.78%.

Analysts Set New Price Targets

WM has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Waste Management from $160.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 20th. Oppenheimer set a $160.00 price target on Waste Management in a report on Tuesday, July 19th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Hold” and an average price target of $164.86.

Insider Buying and Selling at Waste Management

In related news, CFO Devina A. Rankin sold 22,082 shares of Waste Management stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $175.00, for a total value of $3,864,350.00. Following the sale, the chief financial officer now owns 50,516 shares in the company, valued at $8,840,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director John C. Pope sold 219 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $152.19, for a total value of $33,329.61. Following the transaction, the director now owns 55,439 shares in the company, valued at approximately $8,437,261.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Devina A. Rankin sold 22,082 shares of Waste Management stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $175.00, for a total transaction of $3,864,350.00. Following the completion of the transaction, the chief financial officer now directly owns 50,516 shares of the company’s stock, valued at $8,840,300. The disclosure for this sale can be found here. Insiders sold 54,067 shares of company stock valued at $9,292,271 in the last quarter. Company insiders own 0.18% of the company’s stock.

Waste Management Company Profile

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Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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