Cwm LLC Has $23.76 Million Holdings in Waste Management, Inc. (NYSE:WM)

Cwm LLC cut its stake in Waste Management, Inc. (NYSE:WM) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,364 shares of the business services provider’s stock after selling 7,789 shares during the quarter. Cwm LLC’s holdings in Waste Management were worth $23,758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC raised its stake in Waste Management by 6.8% during the 2nd quarter. CVA Family Office LLC now owns 2,066 shares of the business services provider’s stock worth $441,000 after buying an additional 132 shares during the period. AMF Tjanstepension AB grew its stake in Waste Management by 85.6% during the second quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock valued at $333,234,000 after acquiring an additional 720,358 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Waste Management by 3.4% during the second quarter. Park Avenue Securities LLC now owns 4,629 shares of the business services provider’s stock worth $988,000 after purchasing an additional 151 shares in the last quarter. Astoria Portfolio Advisors LLC. increased its stake in Waste Management by 63.7% in the second quarter. Astoria Portfolio Advisors LLC. now owns 1,779 shares of the business services provider’s stock valued at $380,000 after acquiring an additional 692 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Waste Management by 8.1% during the second quarter. Kingswood Wealth Advisors LLC now owns 12,251 shares of the business services provider’s stock worth $2,614,000 after acquiring an additional 915 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Management in a report on Wednesday, May 22nd. They set a “buy” rating and a $241.00 price target on the stock. CIBC lowered their price target on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Raymond James increased their price target on Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Oppenheimer dropped their price target on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Finally, TD Cowen boosted their price objective on shares of Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $215.83.

Insider Activity at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the transaction, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, 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 sale, the vice president now owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael J. Watson sold 1,500 shares of Waste Management 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 transaction, the vice president now directly owns 44,144 shares of the company’s stock, valued at $9,711,680. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Up 0.8 %

Shares of NYSE:WM traded up $1.71 during trading on Wednesday, hitting $204.85. The company’s stock had a trading volume of 1,794,157 shares, compared to its average volume of 1,714,417. The company has a market capitalization of $82.16 billion, a PE ratio of 33.53, a PEG ratio of 2.32 and a beta of 0.74. The stock’s 50-day moving average price is $208.76 and its two-hundred day moving average price is $206.10. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $225.00.

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

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.46%. Waste Management’s payout ratio is 49.10%.

Waste Management Company 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.