3,500 Shares in Waste Management, Inc. (NYSE:WM) Purchased by nVerses Capital LLC

nVerses Capital LLC bought a new position in Waste Management, Inc. (NYSE:WM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,500 shares of the business services provider's stock, valued at approximately $747,000.

Several other hedge funds also recently bought and sold shares of WM. Hexagon Capital Partners LLC raised its holdings in shares of Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider's stock worth $25,000 after acquiring an additional 75 shares during the period. Sachetta LLC acquired a new stake in shares of Waste Management during the fourth quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management during the second quarter worth $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Waste Management during the first quarter worth $35,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Waste Management in the fourth quarter valued at $36,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. CIBC decreased their target price on shares of Waste Management from $223.00 to $213.00 and set a "neutral" rating for the company in a research report on Friday, July 26th. Oppenheimer decreased their target price on shares of Waste Management from $229.00 to $224.00 and set an "outperform" rating for the company in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Waste Management in a research report on Wednesday, May 22nd. They issued a "buy" rating and a $241.00 price objective for the company. Robert W. Baird decreased their price objective 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. Finally, BMO Capital Markets decreased their price objective on shares of Waste Management from $215.00 to $213.00 and set a "market perform" rating for the company in a research report on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.83.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the company's stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other 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 sale, the vice president now directly owns 45,644 shares in the company, valued at $9,324,156.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 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 Price Performance

Shares of NYSE:WM traded up $2.16 during midday trading on Friday, hitting $212.04. The stock had a trading volume of 1,786,797 shares, compared to its average volume of 1,671,641. The company's 50-day moving average price is $209.81 and its 200-day moving average price is $208.38. The company has a market capitalization of $85.10 billion, a P/E ratio of 34.70, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The company had revenue of $5.40 billion for 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%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.51 EPS. As a group, equities research analysts predict that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared 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 1.41%. The ex-dividend date is Friday, September 13th. Waste Management's dividend payout ratio (DPR) is currently 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.