Trilogy Capital Inc. Purchases New Position in Waste Management, Inc. (NYSE:WM)

Trilogy Capital Inc. purchased a new stake in Waste Management, Inc. (NYSE:WM) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,542 shares of the business services provider’s stock, valued at approximately $329,000.

Other hedge funds have also modified their holdings of the company. Sachetta LLC bought a new stake in Waste Management during the 4th quarter worth approximately $27,000. Gilfoyle & Co LLC bought a new stake in Waste Management during the 4th quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new stake in Waste Management during the 1st quarter worth approximately $35,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Waste Management during the 4th quarter worth approximately $36,000. Finally, DSM Capital Partners LLC bought a new stake in Waste Management during the 4th quarter worth approximately $38,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

Waste Management stock traded up $0.67 during mid-day trading on Friday, hitting $213.34. 2,908,229 shares of the company’s stock traded hands, compared to its average volume of 1,972,412. The firm has a 50 day simple moving average of $208.06 and a two-hundred day simple moving average of $199.85. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The stock has a market cap of $85.57 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 2.48 and a beta of 0.74. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the firm posted $1.31 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s dividend payout ratio is currently 49.10%.

Insider Transactions at Waste Management

In related news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the transaction, the vice president now owns 45,644 shares in the company, valued at $9,324,156.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WM shares. Raymond James increased their target price on Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. BMO Capital Markets raised their price target on shares of Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Morgan Stanley raised their price target on shares of Waste Management from $202.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. TD Cowen raised their price target on shares of Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Finally, Oppenheimer raised their price target on shares of Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $217.61.

About Waste Management

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.