Nilsine Partners LLC Invests $212,000 in Waste Management, Inc. (NYSE:WM)

Nilsine Partners LLC purchased a new position in Waste Management, Inc. (NYSE:WM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 995 shares of the business services provider’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC boosted its stake in shares of Waste Management by 8.5% in 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 purchasing an additional 2,272 shares in the last quarter. Birch Hill Investment Advisors LLC boosted its stake in shares of Waste Management by 5.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock valued at $1,132,000 after purchasing an additional 332 shares in the last quarter. Ingalls & Snyder LLC boosted its stake in shares of Waste Management by 1.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 22,662 shares of the business services provider’s stock valued at $3,455,000 after purchasing an additional 231 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Waste Management by 93.0% in the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after purchasing an additional 22,455 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Waste Management by 13,927.7% in the 4th 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. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 2.0 %

Shares of Waste Management stock traded down $4.14 during trading on Tuesday, hitting $208.01. The company’s stock had a trading volume of 2,243,871 shares, compared to its average volume of 1,682,581. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. The company has a fifty day simple moving average of $208.88 and a two-hundred day simple moving average of $188.04. The company has a market capitalization of $83.43 billion, a PE ratio of 34.04, a P/E/G ratio of 2.81 and a beta of 0.72. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $214.54.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.23. The company had revenue of $5.16 billion during 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%. Waste Management’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS. Equities research analysts predict that Waste Management, Inc. will post 7.09 earnings per share for the current year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.75 per share. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 14th. Waste Management’s dividend payout ratio (DPR) is currently 49.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WM shares. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Morgan Stanley increased their price target on shares of Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday. Stifel Nicolaus increased their price target on shares of Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a research report on Friday. UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and increased their price target for the company from $190.00 to $205.00 in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada increased their price target on shares of Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $216.24.

Insider Buying and Selling at Waste Management

In other Waste Management news, EVP John J. Morris sold 8,889 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $207.46, for a total transaction of $1,844,111.94. Following the completion of the sale, the executive vice president now directly owns 95,461 shares in the company, valued at approximately $19,804,339.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Waste Management news, VP Donald J. Smith sold 329 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total transaction of $65,326.24. Following the completion of the sale, the vice president now directly owns 5,522 shares in the company, valued at approximately $1,096,448.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John J. Morris sold 8,889 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $207.46, for a total transaction of $1,844,111.94. Following the sale, the executive vice president now directly owns 95,461 shares in the company, valued at approximately $19,804,339.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,007 shares of company stock worth $3,696,520. 0.18% of the stock is owned by corporate insiders.

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.