Cetera Investment Advisers raised its position in shares of Waste Management, Inc. (NYSE:WM) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,571 shares of the business services provider’s stock after acquiring an additional 175 shares during the quarter. Cetera Investment Advisers’ holdings in Waste Management were worth $475,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WM. We Are One Seven LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $26,000. Executive Wealth Management LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $27,000. Finally, Washington Trust Bank acquired a new stake in shares of Waste Management in the first quarter valued at approximately $28,000. 75.84% of the stock is owned by institutional investors and hedge funds.

In other news, VP Michael J. Watson sold 700 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $104.55, for a total transaction of $73,185.00. Following the completion of the transaction, the vice president now directly owns 9,518 shares in the company, valued at $995,106.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Tara J. Hmmer sold 472 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $98.81, for a total value of $46,638.32. Following the transaction, the senior vice president now owns 17,208 shares of the company’s stock, valued at $1,700,322.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,222 shares of company stock valued at $4,994,409. 0.14% of the stock is owned by insiders.

Several equities research analysts recently commented on WM shares. Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. KeyCorp started coverage on Waste Management in a report on Monday, February 4th. They issued an “overweight” rating and a $96.00 price target for the company. Oppenheimer increased their price target on Waste Management from $95.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, February 15th. UBS Group cut Waste Management from a “buy” rating to a “neutral” rating and increased their price target for the company from $103.00 to $106.00 in a report on Thursday, April 4th. Finally, Stifel Nicolaus cut Waste Management from a “buy” rating to a “hold” rating and set a $103.00 target price for the company. in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Waste Management currently has a consensus rating of “Buy” and an average price target of $105.22.

WM stock opened at $107.29 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 1.45. The firm has a market cap of $45.24 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67. Waste Management, Inc. has a 52-week low of $79.96 and a 52-week high of $107.54.

Waste Management (NYSE:WM) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.03. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.68 billion. Waste Management had a return on equity of 29.12% and a net margin of 12.43%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, equities research analysts anticipate that Waste Management, Inc. will post 4.32 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.5125 per share. The ex-dividend date is Thursday, June 6th. This represents a $2.05 annualized dividend and a yield of 1.91%. Waste Management’s dividend payout ratio (DPR) is 48.81%.

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About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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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