Tucker Asset Management LLC Decreases Position in Waste Management, Inc. (NYSE:WM)

Tucker Asset Management LLC cut its position in Waste Management, Inc. (NYSE:WM) by 6.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,328 shares of the business services provider’s stock after selling 229 shares during the quarter. Tucker Asset Management LLC’s holdings in Waste Management were worth $596,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sachetta LLC purchased a new position in Waste Management in the fourth quarter worth about $27,000. Gilfoyle & Co LLC purchased a new position in shares of Waste Management during the fourth quarter valued at approximately $30,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Waste Management during the fourth quarter valued at approximately $36,000. DSM Capital Partners LLC purchased a new position in shares of Waste Management during the fourth quarter valued at approximately $38,000. Finally, Voisard Asset Management Group Inc. purchased a new position in shares of Waste Management during the fourth quarter valued at approximately $50,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares in the company, valued at $9,324,156.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WM has been the subject of several research reports. TD Cowen boosted their price objective on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a report on Monday, April 29th. Morgan Stanley boosted their price objective on shares of Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Oppenheimer upped their target price on shares of Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Raymond James upped their target price on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group upped their target price on shares of Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a report on Monday, March 18th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.61.

Waste Management Price Performance

Shares of WM traded up $2.42 during mid-day trading on Friday, reaching $203.64. The stock had a trading volume of 1,412,722 shares, compared to its average volume of 1,920,195. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. The business has a fifty day moving average of $207.22 and a 200 day moving average of $197.25. Waste Management, Inc. has a 12 month low of $149.71 and a 12 month high of $214.54. The firm has a market cap of $81.68 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.34 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. Waste Management’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts predict that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.47%. Waste Management’s dividend payout ratio is 49.10%.

Waste Management Profile

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.