Waste Management, Inc. (NYSE:WM) Shares Sold by Dohj LLC

Dohj LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,610 shares of the business services provider’s stock after selling 2,470 shares during the period. Dohj LLC’s holdings in Waste Management were worth $2,079,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WM. Gilfoyle & Co LLC bought a new position in shares of Waste Management during the fourth quarter worth about $30,000. Millburn Ridgefield Corp bought a new position in shares of Waste Management during the third quarter worth about $35,000. Spirit of America Management Corp NY grew its position in shares of Waste Management by 66.7% during the third quarter. Spirit of America Management Corp NY now owns 250 shares of the business services provider’s stock worth $38,000 after acquiring an additional 100 shares during the last quarter. Rational Advisors LLC bought a new position in shares of Waste Management during the third quarter worth about $41,000. Finally, Annapolis Financial Services LLC grew its position in shares of Waste Management by 40.1% during the third quarter. Annapolis Financial Services LLC now owns 325 shares of the business services provider’s stock worth $50,000 after acquiring an additional 93 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WM. Truist Financial increased their target price on shares of Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday. Oppenheimer raised their price objective on shares of Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada raised their price objective on shares of Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a research report on Friday. HSBC lowered shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price objective for the company. in a research note on Thursday, February 15th. Finally, StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.21.

Insider Buying and Selling

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

Waste Management Stock Performance

Shares of Waste Management stock traded down $2.60 during midday trading on Friday, hitting $210.10. The company had a trading volume of 1,650,808 shares, compared to its average volume of 1,589,993. The business’s 50 day simple moving average is $208.54 and its two-hundred day simple moving average is $187.08. The stock has a market cap of $84.31 billion, a PE ratio of 34.39, a P/E/G ratio of 3.19 and a beta of 0.72. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.86. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.52 by $0.23. The firm 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.31 earnings per share. As a group, equities analysts predict that Waste Management, Inc. will post 7.09 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.75 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, March 14th. Waste Management’s dividend payout ratio (DPR) is 49.10%.

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.