Waste Management, Inc. (NYSE:WM) Position Reduced by Windward Capital Management Co. CA

Windward Capital Management Co. CA lessened its stake in Waste Management, Inc. (NYSE:WM) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,208 shares of the business services provider’s stock after selling 429 shares during the quarter. Windward Capital Management Co. CA’s holdings in Waste Management were worth $6,096,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of WM. Czech National Bank grew its position in shares of Waste Management by 7.0% in the 3rd quarter. Czech National Bank now owns 74,394 shares of the business services provider’s stock worth $15,444,000 after acquiring an additional 4,842 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Waste Management by 4.6% during the third quarter. Park Avenue Securities LLC now owns 4,842 shares of the business services provider’s stock worth $1,005,000 after purchasing an additional 213 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Waste Management by 23.8% in the third quarter. GAMMA Investing LLC now owns 6,686 shares of the business services provider’s stock worth $1,388,000 after purchasing an additional 1,286 shares during the period. Diversified Trust Co increased its stake in Waste Management by 40.2% during the third quarter. Diversified Trust Co now owns 7,031 shares of the business services provider’s stock valued at $1,460,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its position in shares of Waste Management by 6.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 21,245 shares of the business services provider’s stock worth $4,410,000 after buying an additional 1,332 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, CAO John A. Carroll sold 209 shares of Waste Management stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the sale, the chief accounting officer now directly owns 9,066 shares in the company, valued at $1,999,506.30. The trade was a 2.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Johnson Varkey sold 560 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the sale, the senior vice president now directly owns 9,152 shares of the company’s stock, valued at $2,014,446.72. This represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,055 shares of company stock worth $2,674,780 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Waste Management Trading Down 0.6 %

Shares of Waste Management stock opened at $222.33 on Wednesday. The business has a fifty day simple moving average of $212.16 and a 200-day simple moving average of $211.25. The firm has a market cap of $89.23 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a fifty-two week low of $187.20 and a fifty-two week high of $230.39. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. On average, equities analysts forecast that Waste Management, Inc. will post 7.92 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.35%. Waste Management’s payout ratio is presently 44.12%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WM. UBS Group increased their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Jefferies Financial Group reduced their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Scotiabank increased their target price on Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research report on Monday. Royal Bank of Canada boosted their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, Citigroup lifted their price objective on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a research report on Monday. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.50.

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.