TCG Advisory Services LLC Acquires Shares of 3,217 Waste Management, Inc. (NYSE:WM)

TCG Advisory Services LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,217 shares of the business services provider’s stock, valued at approximately $576,000.

Several other large investors also recently bought and sold shares of the company. Gilfoyle & Co LLC purchased a new stake in Waste Management during the 4th quarter valued at about $30,000. Millburn Ridgefield Corp acquired a new position in Waste Management during the third quarter worth $35,000. Rational Advisors LLC purchased a new stake in shares of Waste Management in the 3rd quarter valued at $41,000. Annapolis Financial Services LLC increased its stake in Waste Management by 40.1% during the third quarter. Annapolis Financial Services LLC now owns 325 shares of the business services provider’s stock worth $50,000 after purchasing an additional 93 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Waste Management during the 3rd quarter worth approximately $51,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Waste Management

In other news, VP Donald J. Smith sold 329 shares of the business’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 transaction, the vice president now directly owns 5,522 shares in the company, valued at $1,096,448.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Christopher P. Desantis sold 346 shares of Waste Management stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the transaction, the senior vice president now directly owns 8,218 shares of the company’s stock, valued at $1,640,641.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Donald J. Smith sold 329 shares of Waste Management stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total value of $65,326.24. Following the transaction, the vice president now directly owns 5,522 shares of the company’s stock, valued at approximately $1,096,448.32. The disclosure for this sale can be found here. Insiders have sold a total of 18,007 shares of company stock worth $3,696,520 in the last three months. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WM. Morgan Stanley lifted their target price on Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Oppenheimer lifted their price target on shares of Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. TD Cowen increased their price objective on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, April 29th. UBS Group lowered shares of Waste Management from a “buy” rating to a “neutral” rating and raised their price objective for the company from $190.00 to $205.00 in a report on Wednesday, February 14th. Finally, CIBC increased their target price on Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $216.24.

Waste Management Stock Performance

Shares of WM stock traded up $0.72 during trading hours on Friday, hitting $207.88. The stock had a trading volume of 2,237,956 shares, compared to its average volume of 1,702,229. The stock’s 50 day moving average is $208.92 and its 200 day moving average is $189.05. The firm has a market capitalization of $83.38 billion, a PE ratio of 34.02, a PEG ratio of 2.71 and a beta of 0.72. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. Waste Management’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $1.31 EPS. As a group, research analysts forecast that Waste Management, Inc. will post 7.26 earnings per share for the current fiscal year.

Waste Management Increases Dividend

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

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.