Bank of New Hampshire Has $1.52 Million Position in Waste Management, Inc. (NYSE:WM)

Bank of New Hampshire cut its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,466 shares of the business services provider’s stock after selling 95 shares during the quarter. Bank of New Hampshire’s holdings in Waste Management were worth $1,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Investment Advisors LLC lifted its stake in shares of Waste Management by 2.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 8,032 shares of the business services provider’s stock valued at $1,224,000 after purchasing an additional 188 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Waste Management by 10.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 28,675 shares of the business services provider’s stock valued at $4,371,000 after purchasing an additional 2,672 shares during the period. Avior Wealth Management LLC increased its position in Waste Management by 57.5% in the 3rd quarter. Avior Wealth Management LLC now owns 1,380 shares of the business services provider’s stock valued at $210,000 after buying an additional 504 shares in the last quarter. Founders Financial Securities LLC increased its position in Waste Management by 6.0% in the 3rd quarter. Founders Financial Securities LLC now owns 5,591 shares of the business services provider’s stock valued at $852,000 after buying an additional 315 shares in the last quarter. Finally, Purus Wealth Management LLC increased its position in Waste Management by 0.3% in the 3rd quarter. Purus Wealth Management LLC now owns 37,089 shares of the business services provider’s stock valued at $5,654,000 after buying an additional 113 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Waste Management from $165.00 to $197.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Royal Bank of Canada boosted their target price on Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a research report on Friday. Jefferies Financial Group boosted their price objective on Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, HSBC lowered Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price objective for the company. in a report on Thursday, February 15th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $208.07.

Waste Management Price Performance

WM traded down $1.59 during trading on Friday, reaching $211.11. The stock had a trading volume of 752,532 shares, compared to its average volume of 1,659,775. The business has a 50-day moving average of $208.37 and a 200-day moving average of $186.50. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54. The stock has a market cap of $84.72 billion, a PE ratio of 34.55, a PEG ratio of 3.19 and a beta of 0.72. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.86 and a current ratio of 0.90.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a return on equity of 38.82% and a net margin of 11.98%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $1.31 earnings per share. As a group, equities research analysts anticipate that Waste Management, Inc. will post 6.88 EPS for the current fiscal year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.42%. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Insiders Place Their Bets

In other Waste Management news, VP Donald J. Smith sold 329 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total value of $65,326.24. Following the completion of the sale, the vice president now directly owns 5,522 shares in the company, valued at $1,096,448.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Waste Management news, VP Donald J. Smith sold 329 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total transaction of $65,326.24. Following the completion of the transaction, the vice president now owns 5,522 shares of the company’s stock, valued at $1,096,448.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Devina A. Rankin sold 775 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $198.58, for a total transaction of $153,899.50. Following the transaction, the chief financial officer now directly owns 75,204 shares of the company’s stock, valued at approximately $14,934,010.32. The disclosure for this sale can be found here. Insiders sold 18,007 shares of company stock worth $3,696,520 over the last three months. Company insiders own 0.18% of the company’s stock.

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.