MGO One Seven LLC Increases Stake in Waste Management, Inc. (NYSE:WM)

MGO One Seven LLC lifted its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,635 shares of the business services provider's stock after purchasing an additional 2,847 shares during the quarter. MGO One Seven LLC's holdings in Waste Management were worth $2,550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Global Wealth Strategies & Associates increased its holdings in shares of Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Transce3nd LLC bought a new stake in Waste Management during the 4th quarter valued at about $28,000. General Partner Inc. purchased a new position in Waste Management in the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Waste Management during the 4th quarter valued at $33,000. Finally, Hurley Capital LLC purchased a new position in shares of Waste Management in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 80.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup lifted their price objective on Waste Management from $242.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. StockNews.com cut shares of Waste Management from a "buy" rating to a "hold" rating in a report on Friday, January 31st. William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research report on Friday, January 31st. Scotiabank increased their price target on Waste Management from $255.00 to $260.00 and gave the company a "sector outperform" rating in a report on Tuesday, April 8th. Finally, Oppenheimer upped their price objective on Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $239.28.

Insiders Place Their Bets

In related news, EVP Charles C. Boettcher sold 693 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the transaction, the executive vice president now directly owns 45,542 shares of the company's stock, valued at approximately $10,046,109.78. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Johnson Varkey sold 560 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the sale, the senior vice president now directly owns 9,152 shares in the company, valued at approximately $2,014,446.72. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,577 shares of company stock worth $21,662,464 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Price Performance

NYSE:WM traded up $0.81 on Friday, reaching $228.28. 2,115,581 shares of the company's stock traded hands, compared to its average volume of 1,645,509. The firm has a market cap of $91.84 billion, a PE ratio of 33.57, a P/E/G ratio of 2.71 and a beta of 0.66. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The stock has a 50-day simple moving average of $227.95 and a 200-day simple moving average of $219.72. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $239.32.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. Equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.825 dividend. This is an increase from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Friday, March 14th. Waste Management's payout ratio is currently 48.53%.

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.