3,750 Shares in Waste Management, Inc. (NYSE:WM) Purchased by Kintegral Advisory LLC

Kintegral Advisory LLC acquired a new stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,750 shares of the business services provider's stock, valued at approximately $800,000.

Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC raised its stake in shares of Waste Management by 63.7% during the 4th quarter. Jennison Associates LLC now owns 3,345 shares of the business services provider's stock worth $599,000 after acquiring an additional 1,302 shares in the last quarter. Transcend Capital Advisors LLC boosted its position in shares of Waste Management by 8.7% in the 4th quarter. Transcend Capital Advisors LLC now owns 3,863 shares of the business services provider's stock worth $692,000 after purchasing an additional 308 shares in the last quarter. Magnus Financial Group LLC grew its stake in Waste Management by 34.7% during the 4th quarter. Magnus Financial Group LLC now owns 2,630 shares of the business services provider's stock worth $471,000 after buying an additional 678 shares during the last quarter. Silver Oak Securities Incorporated increased its position in Waste Management by 74.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 2,347 shares of the business services provider's stock valued at $420,000 after buying an additional 1,004 shares in the last quarter. Finally, Red Wave Investments LLC raised its stake in Waste Management by 4.1% in the fourth quarter. Red Wave Investments LLC now owns 1,871 shares of the business services provider's stock valued at $335,000 after buying an additional 73 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Trading Up 0.3 %

Waste Management stock traded up $0.57 during mid-day trading on Thursday, hitting $209.88. The company's stock had a trading volume of 817,942 shares, compared to its average volume of 1,670,954. The stock's fifty day moving average is $209.73 and its two-hundred day moving average is $208.21. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $84.23 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $225.00.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting analysts' consensus estimates of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business had revenue of $5.40 billion during the quarter, compared to analysts' expectations of $5.43 billion. During the same period in the prior year, the business posted $1.51 EPS. The company's revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, September 13th. Waste Management's dividend payout ratio is currently 49.10%.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 16th. The shares were 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 of the company's stock, valued at approximately $9,711,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Michael J. Watson sold 4,208 shares of the business's 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michael J. Watson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction 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 disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WM shares. Erste Group Bank reaffirmed a "hold" rating on shares of Waste Management in a report on Friday, June 14th. CIBC reduced their target price 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. Oppenheimer decreased their price target on Waste Management from $229.00 to $224.00 and set an "outperform" rating for the company in a report on Friday, July 26th. Robert W. Baird dropped their price target on shares of Waste Management from $226.00 to $216.00 and set a "neutral" rating on the stock in a research report on Friday, July 26th. Finally, The Goldman Sachs Group upgraded Waste Management to a "strong-buy" rating in a research note on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $215.83.

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.