ORG Partners LLC Has $159,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

ORG Partners LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 9.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 680 shares of the business services provider’s stock after buying an additional 58 shares during the quarter. ORG Partners LLC’s holdings in Waste Management were worth $159,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Waste Management by 14.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider’s stock valued at $25,193,000 after purchasing an additional 15,974 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Waste Management by 242.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,071 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 758 shares in the last quarter. Ieq Capital LLC boosted its holdings in Waste Management by 3.9% during the fourth quarter. Ieq Capital LLC now owns 23,620 shares of the business services provider’s stock valued at $4,766,000 after purchasing an additional 884 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new stake in Waste Management during the fourth quarter valued at approximately $230,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

Shares of NYSE WM opened at $231.94 on Friday. The firm has a market cap of $93.34 billion, a PE ratio of 34.98, a PEG ratio of 3.07 and a beta of 0.66. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $242.58. The company has a fifty day moving average price of $233.07 and a 200 day moving average price of $224.04.

Waste Management (NYSE:WM) last announced its earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.08. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.14 billion. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 EPS. Research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.42%. Waste Management’s dividend payout ratio is 49.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Tuesday, April 29th. Citigroup lifted their price objective on Waste Management from $260.00 to $271.00 and gave the company a “buy” rating in a report on Thursday, May 1st. National Bank Financial raised Waste Management to a “hold” rating in a report on Monday, May 26th. Robert W. Baird boosted their target price on Waste Management from $235.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. Finally, Melius initiated coverage on Waste Management in a report on Monday, June 9th. They issued a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.00.

Insider Transactions at Waste Management

In other news, SVP Rafael Carrasco sold 674 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the transaction, the senior vice president now directly owns 16,542 shares in the company, valued at $3,917,311.02. This represents a 3.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Devina A. Rankin sold 57,888 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the sale, the chief financial officer now directly owns 83,934 shares in the company, valued at approximately $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.