Coldstream Capital Management Inc. Raises Stake in Waste Management, Inc. $WM

Coldstream Capital Management Inc. lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,331 shares of the business services provider’s stock after buying an additional 2,338 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Waste Management were worth $7,763,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Broadway Wealth Solutions Inc. boosted its stake in Waste Management by 2.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after buying an additional 44 shares during the last quarter. San Luis Wealth Advisors LLC boosted its stake in Waste Management by 2.4% in the 4th quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after buying an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its stake in Waste Management by 0.7% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after buying an additional 45 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in Waste Management by 1.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock worth $527,000 after buying an additional 45 shares during the last quarter. Finally, Old Port Advisors boosted its stake in Waste Management by 0.3% in the 4th quarter. Old Port Advisors now owns 16,963 shares of the business services provider’s stock worth $3,727,000 after buying an additional 46 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Performance

Waste Management stock opened at $218.09 on Friday. The stock’s 50 day moving average price is $227.00 and its 200 day moving average price is $223.51. The firm has a market capitalization of $87.58 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 2.28 and a beta of 0.49. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. As a group, sell-side analysts expect that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s payout ratio is 54.70%.

Insider Buying and Selling

In related news, SVP Tara J. Hemmer sold 4,818 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $241.83, for a total transaction of $1,165,136.94. Following the transaction, the senior vice president directly owned 78,918 shares of the company’s stock, valued at approximately $19,084,739.94. The trade was a 5.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Johnson Varkey sold 617 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $244.13, for a total value of $150,628.21. Following the transaction, the senior vice president directly owned 9,607 shares in the company, valued at $2,345,356.91. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 35,296 shares of company stock valued at $8,569,283. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Oppenheimer raised their price target on Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Robert W. Baird raised their price target on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Royal Bank Of Canada raised their price target on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. TD Cowen raised their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price target on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.67.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.