Kintegral Advisory LLC Has $714,000 Holdings in Waste Management, Inc. (NYSE:WM)

Kintegral Advisory LLC decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,536 shares of the business services provider’s stock after selling 165 shares during the period. Kintegral Advisory LLC’s holdings in Waste Management were worth $714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Waste Management by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock valued at $1,686,203,000 after purchasing an additional 168,818 shares during the period. Parnassus Investments LLC lifted its holdings in shares of Waste Management by 11.3% during the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after buying an additional 520,096 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after acquiring an additional 280,455 shares during the period. Barclays PLC increased its position in Waste Management by 12.8% during the third quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock worth $505,175,000 after acquiring an additional 276,287 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Waste Management by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,087,006 shares of the business services provider’s stock valued at $433,262,000 after purchasing an additional 18,983 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Waste Management

In related news, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.55, for a total value of $46,094.95. Following the transaction, the chief accounting officer now owns 9,066 shares in the company, valued at $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Devina A. Rankin sold 5,826 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total value of $1,294,071.12. Following the sale, the chief financial officer now directly owns 69,442 shares of the company’s stock, valued at $15,424,457.04. This represents a 7.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Performance

NYSE WM opened at $227.89 on Friday. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $230.39. The company has a 50 day moving average of $213.43 and a 200-day moving average of $213.07. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The firm has a market cap of $91.63 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.71 and a beta of 0.78.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. On average, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, March 14th. This represents a $3.30 dividend on an annualized basis and a yield of 1.45%. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is currently 44.12%.

Analyst Ratings Changes

Several analysts have issued reports on WM shares. Scotiabank raised their price target on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Argus boosted their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Truist Financial raised their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, CIBC raised their target price on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $235.94.

Waste Management Company 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.