Hayek Kallen Investment Management Has $8.47 Million Holdings in Waste Management, Inc. (NYSE:WM)

Hayek Kallen Investment Management cut its stake in shares of Waste Management, Inc. (NYSE:WMFree Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,285 shares of the business services provider’s stock after selling 382 shares during the quarter. Waste Management makes up 3.5% of Hayek Kallen Investment Management’s portfolio, making the stock its 4th largest holding. Hayek Kallen Investment Management’s holdings in Waste Management were worth $8,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of WM. Quent Capital LLC boosted its position in Waste Management by 7.3% during the 4th quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock worth $145,000 after acquiring an additional 55 shares during the period. Drake & Associates LLC grew its position in Waste Management by 3.4% during the fourth quarter. Drake & Associates LLC now owns 1,652 shares of the business services provider’s stock worth $296,000 after buying an additional 55 shares in the last quarter. Alpha Cubed Investments LLC raised its stake in shares of Waste Management by 2.9% in the fourth quarter. Alpha Cubed Investments LLC now owns 1,973 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 56 shares in the last quarter. Peoples Financial Services CORP. lifted its holdings in shares of Waste Management by 1.7% during the 4th quarter. Peoples Financial Services CORP. now owns 3,459 shares of the business services provider’s stock worth $620,000 after acquiring an additional 57 shares during the period. Finally, FCA Corp TX grew its stake in shares of Waste Management by 1.0% in the 4th quarter. FCA Corp TX now owns 5,594 shares of the business services provider’s stock valued at $1,002,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE WM traded down $1.76 during mid-day trading on Friday, reaching $210.44. The company had a trading volume of 2,054,796 shares, compared to its average volume of 1,644,307. The firm has a market cap of $84.40 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 2.76 and a beta of 0.72. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54. The business’s 50-day simple moving average is $209.62 and its 200 day simple moving average is $192.19.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. Waste Management’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 EPS. On average, research analysts predict that Waste Management, Inc. will post 7.29 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, June 7th. Waste Management’s payout ratio is currently 49.10%.

Insiders Place Their Bets

In other Waste Management news, SVP Tara J. Hemmer sold 1,782 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total value of $363,937.86. Following the completion of the sale, the senior vice president now directly owns 55,591 shares in the company, valued at $11,353,349.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Tara J. Hemmer sold 1,782 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total value of $363,937.86. Following the completion of the sale, the senior vice president now directly owns 55,591 shares of the company’s stock, valued at $11,353,349.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John J. Morris sold 8,889 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $207.46, for a total value of $1,844,111.94. Following the completion of the transaction, the executive vice president now directly owns 95,461 shares of the company’s stock, valued at $19,804,339.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,282 shares of company stock valued at $2,754,889. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WM has been the topic of several research analyst reports. UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and increased their price target for the company from $190.00 to $205.00 in a research note on Wednesday, February 14th. BMO Capital Markets boosted their price objective on Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Citigroup boosted their price target on Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, February 15th. HSBC downgraded shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price for the company. in a research report on Thursday, February 15th. Finally, CIBC upped their price target on shares of Waste Management from $207.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.24.

Get Our Latest Stock Analysis on WM

About Waste Management

(Free Report)

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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