CVA Family Office LLC Cuts Stake in Waste Management, Inc. (NYSE:WM)

CVA Family Office LLC lessened its stake in shares of Waste Management, Inc. (NYSE:WMGet Rating) by 13.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 665 shares of the business services provider’s stock after selling 100 shares during the quarter. CVA Family Office LLC’s holdings in Waste Management were worth $102,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mizuho Securities Co. Ltd. purchased a new stake in shares of Waste Management during the 1st quarter valued at about $32,000. GoalVest Advisory LLC boosted its holdings in shares of Waste Management by 2,030.0% in the second quarter. GoalVest Advisory LLC now owns 213 shares of the business services provider’s stock worth $32,000 after buying an additional 203 shares during the last quarter. TFO TDC LLC purchased a new position in shares of Waste Management in the first quarter worth approximately $34,000. James Reed Financial Services Inc. purchased a new position in shares of Waste Management in the fourth quarter worth approximately $37,000. Finally, Riverview Trust Co purchased a new position in shares of Waste Management in the first quarter worth approximately $41,000. Hedge funds and other institutional investors own 74.74% of the company’s stock.

Insider Activity

In other news, EVP John J. Morris sold 22,795 shares of Waste Management stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $169.82, for a total transaction of $3,871,046.90. Following the sale, the executive vice president now owns 95,461 shares in the company, valued at $16,211,187.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Devina A. Rankin sold 22,082 shares of Waste Management stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $175.00, for a total transaction of $3,864,350.00. Following the sale, the chief financial officer now owns 50,516 shares in the company, valued at $8,840,300. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John J. Morris sold 22,795 shares of Waste Management stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $169.82, for a total transaction of $3,871,046.90. Following the sale, the executive vice president now owns 95,461 shares in the company, valued at approximately $16,211,187.02. The disclosure for this sale can be found here. Insiders have sold a total of 54,067 shares of company stock worth $9,292,271 over the last quarter. Insiders own 0.18% of the company’s stock.

Waste Management Price Performance

NYSE WM opened at $170.91 on Tuesday. Waste Management, Inc. has a 12 month low of $138.58 and a 12 month high of $175.98. The stock has a market cap of $70.64 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 2.51 and a beta of 0.76. The company’s 50 day moving average is $166.15 and its two-hundred day moving average is $159.56. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 1.95.

Waste Management (NYSE:WMGet Rating) last released its earnings results on Wednesday, July 27th. The business services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.08. Waste Management had a net margin of 11.27% and a return on equity of 30.69%. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter last year, the business earned $1.27 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, research analysts anticipate that Waste Management, Inc. will post 5.7 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, September 8th. Waste Management’s payout ratio is currently 50.78%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WM shares. Oppenheimer set a $160.00 price objective on shares of Waste Management in a report on Tuesday, July 19th. Morgan Stanley raised their price objective on shares of Waste Management from $160.00 to $165.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 20th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $164.86.

Waste Management Company Profile

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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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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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