Mcrae Capital Management Inc. increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,360 shares of the business services provider’s stock after buying an additional 203 shares during the quarter. Mcrae Capital Management Inc.’s holdings in Waste Management were worth $765,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of WM. We Are One Seven LLC acquired a new stake in shares of Waste Management during the fourth quarter worth approximately $26,000. Larson Financial Group LLC acquired a new stake in shares of Waste Management during the fourth quarter worth approximately $26,000. Executive Wealth Management LLC acquired a new stake in shares of Waste Management during the fourth quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Waste Management during the fourth quarter worth approximately $27,000. Finally, Washington Trust Bank acquired a new stake in shares of Waste Management during the first quarter worth approximately $28,000. Institutional investors and hedge funds own 75.74% of the company’s stock.

NYSE WM opened at $104.44 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $44.28 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67. Waste Management, Inc. has a 12-month low of $79.96 and a 12-month high of $105.68.

Waste Management (NYSE:WM) last posted its earnings results on Thursday, February 14th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.07. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Waste Management had a net margin of 12.91% and a return on equity of 29.43%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. As a group, analysts anticipate that Waste Management, Inc. will post 4.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.5125 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.96%. This is a boost from Waste Management’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, March 7th. Waste Management’s payout ratio is presently 48.81%.

In other news, EVP John J. Morris sold 1,540 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $98.82, for a total value of $152,182.80. Following the completion of the sale, the executive vice president now directly owns 95,827 shares in the company, valued at $9,469,624.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick W. Gross sold 365 shares of the business’s stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $93.03, for a total transaction of $33,955.95. Following the completion of the sale, the director now owns 53,058 shares of the company’s stock, valued at $4,935,985.74. The disclosure for this sale can be found here. Insiders sold 4,092 shares of company stock valued at $402,648 over the last 90 days. 0.14% of the stock is owned by corporate insiders.

WM has been the subject of a number of analyst reports. UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and lifted their target price for the company from $103.00 to $106.00 in a research note on Thursday, April 4th. Stifel Nicolaus upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a research note on Monday. Oppenheimer lifted their target price on shares of Waste Management from $95.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, February 15th. KeyCorp initiated coverage on shares of Waste Management in a research note on Monday, February 4th. They issued an “overweight” rating and a $96.00 target price for the company. Finally, Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $101.71.

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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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