Citizens Financial Group Inc RI decreased its holdings in Waste Management (NYSE:WM) by 4.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,155 shares of the business services provider’s stock after selling 5,963 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Waste Management were worth $10,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WM. Bruderman Asset Management LLC bought a new position in Waste Management in the 1st quarter valued at about $127,000. Stelac Advisory Services LLC bought a new position in Waste Management in the 1st quarter valued at about $160,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in Waste Management in the 1st quarter valued at about $168,000. Focused Wealth Management Inc lifted its position in Waste Management by 2,156.9% in the 1st quarter. Focused Wealth Management Inc now owns 2,302 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Gradient Investments LLC bought a new position in Waste Management in the 4th quarter valued at about $197,000. 75.22% of the stock is currently owned by institutional investors and hedge funds.

NYSE:WM opened at $82.71 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $35.65 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 1.70 and a beta of 0.70. Waste Management has a 52 week low of $71.62 and a 52 week high of $89.73.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Friday, April 20th. The business services provider reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.09. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.57 billion. Waste Management had a net margin of 14.06% and a return on equity of 26.73%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. equities analysts forecast that Waste Management will post 4.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 8th will be paid a dividend of $0.465 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.86 annualized dividend and a dividend yield of 2.25%. Waste Management’s payout ratio is currently 57.76%.

In other news, SVP Nikolaj H. Sjoqvist sold 307 shares of the firm’s stock in a transaction that occurred on Monday, April 9th. The shares were sold at an average price of $84.76, for a total transaction of $26,021.32. Following the completion of the sale, the senior vice president now owns 18,756 shares in the company, valued at approximately $1,589,758.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Barry H. Caldwell sold 10,844 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $84.00, for a total transaction of $910,896.00. Following the sale, the senior vice president now owns 31,447 shares of the company’s stock, valued at approximately $2,641,548. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Several research firms have commented on WM. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Saturday, February 10th. UBS Group began coverage on shares of Waste Management in a research note on Wednesday, March 14th. They issued a “neutral” rating and a $93.00 price objective for the company. BMO Capital Markets decreased their price objective on shares of Waste Management from $97.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, April 20th. Finally, Raymond James upgraded shares of Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a research note on Friday, February 16th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $90.89.

Waste Management Company Profile

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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