Mather Group LLC. Has $389,000 Stake in Waste Management, Inc. (NYSE:WM)

Mather Group LLC. grew its stake in Waste Management, Inc. (NYSE:WM) by 92.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,825 shares of the business services provider’s stock after purchasing an additional 876 shares during the period. Mather Group LLC.’s holdings in Waste Management were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WM. Allworth Financial LP raised its holdings in Waste Management by 3.7% in the 4th quarter. Allworth Financial LP now owns 11,471 shares of the business services provider’s stock valued at $2,054,000 after buying an additional 414 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Waste Management by 6.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 14,420 shares of the business services provider’s stock worth $2,583,000 after purchasing an additional 926 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Waste Management by 5.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 80,405 shares of the business services provider’s stock worth $14,401,000 after purchasing an additional 4,184 shares during the last quarter. Means Investment CO. Inc. bought a new position in Waste Management during the 4th quarter worth approximately $212,000. Finally, First Merchants Corp raised its holdings in Waste Management by 16.9% during the 4th quarter. First Merchants Corp now owns 2,564 shares of the business services provider’s stock worth $459,000 after purchasing an additional 370 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on WM shares. Stifel Nicolaus lifted their price objective on shares of Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Robert W. Baird reduced their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. TD Cowen lifted their price target on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Erste Group Bank reissued a “hold” rating on shares of Waste Management in a research report on Friday, June 14th. Finally, Royal Bank of Canada reduced their price target on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $215.83.

Waste Management Price Performance

Shares of NYSE WM traded up $1.60 during midday trading on Tuesday, hitting $203.14. 1,975,567 shares of the company’s stock were exchanged, compared to its average volume of 1,712,742. The company has a market cap of $81.48 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.32 and a beta of 0.74. The business’s fifty day moving average price is $208.83 and its two-hundred day moving average price is $205.97. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $225.00.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. Waste Management’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 earnings per share. As a group, research analysts forecast that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.75 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.48%. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares in the company, valued at $9,711,680. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the sale, the vice president now directly owns 44,144 shares of the company’s stock, valued at $9,711,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

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.