Peoples Financial Services CORP. increased its position in shares of Waste Management, Inc. (NYSE:WM – Get Rating) by 769.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 400 shares of the business services provider’s stock after buying an additional 354 shares during the period. Peoples Financial Services CORP.’s holdings in Waste Management were worth $63,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Steward Financial Group LLC purchased a new stake in shares of Waste Management during the fourth quarter worth approximately $25,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Waste Management during the fourth quarter worth approximately $25,000. Amplius Wealth Advisors LLC purchased a new stake in shares of Waste Management during the fourth quarter worth approximately $27,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Waste Management during the first quarter worth approximately $32,000. Finally, SOA Wealth Advisors LLC. increased its stake in shares of Waste Management by 51.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 206 shares of the business services provider’s stock worth $34,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 80.37% of the company’s stock.
WM has been the subject of a number of research analyst reports. BMO Capital Markets downgraded Waste Management from an “outperform” rating to a “market perform” rating and set a $174.00 price target for the company. in a report on Tuesday, April 12th. Bank of America raised Waste Management from an “underperform” rating to a “neutral” rating and upped their price target for the company from $155.00 to $165.00 in a report on Friday, May 13th. Raymond James upped their price target on Waste Management from $167.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Waste Management from $157.00 to $167.00 in a report on Thursday, April 28th. Finally, JPMorgan Chase & Co. initiated coverage on Waste Management in a report on Tuesday, March 1st. They issued a “neutral” rating and a $153.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $163.00.
WM stock opened at $150.31 on Monday. The company has a market capitalization of $62.41 billion, a P/E ratio of 33.11, a PEG ratio of 2.49 and a beta of 0.80. Waste Management, Inc. has a twelve month low of $138.28 and a twelve month high of $170.18. The business has a 50 day simple moving average of $155.90 and a 200-day simple moving average of $155.19. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.83.
Waste Management (NYSE:WM – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. Waste Management had a return on equity of 29.67% and a net margin of 10.32%. The business had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the company earned $1.06 earnings per share. The company’s revenue was up 13.4% compared to the same quarter last year. Research analysts predict that Waste Management, Inc. will post 5.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Thursday, June 2nd. Waste Management’s dividend payout ratio (DPR) is presently 57.27%.
In other Waste Management news, EVP John J. Morris sold 47,006 shares of the stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $168.10, for a total value of $7,901,708.60. Following the completion of the transaction, the executive vice president now owns 95,461 shares in the company, valued at $16,046,994.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nikolaj H. Sjoqvist sold 10,311 shares of the stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $166.57, for a total value of $1,717,503.27. Following the completion of the transaction, the senior vice president now owns 38,769 shares of the company’s stock, valued at approximately $6,457,752.33. The disclosure for this sale can be found here. Insiders have sold 59,985 shares of company stock valued at $10,072,025 in the last 90 days. Company insiders own 0.18% of the company’s stock.
Waste Management Company Profile (Get Rating)
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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