Waste Management, Inc. (NYSE:WM) Shares Acquired by McDonough Capital Management Inc

McDonough Capital Management Inc increased its position in shares of Waste Management, Inc. (NYSE:WM) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,569 shares of the business services provider’s stock after acquiring an additional 1,875 shares during the period. Waste Management comprises 3.3% of McDonough Capital Management Inc’s investment portfolio, making the stock its 11th biggest position. McDonough Capital Management Inc’s holdings in Waste Management were worth $5,362,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WM. Activest Wealth Management increased its holdings in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates increased its holdings in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the period. General Partner Inc. purchased a new stake in Waste Management during the 4th quarter worth about $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Waste Management during the 4th quarter worth about $33,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in Waste Management during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Up 0.3 %

Waste Management stock opened at $230.55 on Thursday. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $235.81. The stock has a 50 day moving average of $217.30 and a two-hundred day moving average of $214.49. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The stock has a market capitalization of $92.71 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.71 and a beta of 0.78.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. As a group, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.43%. This is a boost from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 14th. Waste Management’s dividend payout ratio (DPR) is presently 48.53%.

Analysts Set New Price Targets

WM has been the topic of a number of recent analyst reports. CIBC increased their price objective on Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a report on Wednesday. Raymond James increased their price objective on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. StockNews.com downgraded Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Morgan Stanley increased their price objective on Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $236.65.

Insiders Place Their Bets

In other news, VP Donald J. Smith sold 191 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.22, for a total value of $42,062.02. Following the completion of the sale, the vice president now directly owns 6,129 shares of the company’s stock, valued at $1,349,728.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James C. Fish, Jr. sold 44,405 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $228.43, for a total value of $10,143,434.15. Following the completion of the sale, the chief executive officer now directly owns 211,061 shares of the company’s stock, valued at $48,212,664.23. This represents a 17.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,173 shares of company stock valued at $17,075,967. 0.18% of the stock is owned by company insiders.

About Waste Management

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.