Schnieders Capital Management LLC Sells 846 Shares of Waste Management, Inc. (NYSE:WM)

Schnieders Capital Management LLC cut its stake in Waste Management, Inc. (NYSE:WM) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,044 shares of the business services provider’s stock after selling 846 shares during the quarter. Waste Management makes up approximately 1.2% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Schnieders Capital Management LLC’s holdings in Waste Management were worth $6,264,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WM. Activest Wealth Management lifted its position in Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares during the last quarter. Global Wealth Strategies & Associates grew its position in shares of Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. acquired a new stake in Waste Management during the 4th quarter worth approximately $29,000. Sugar Maple Asset Management LLC bought a new stake in Waste Management in the 4th quarter valued at $35,000. Finally, Pineridge Advisors LLC acquired a new position in Waste Management in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. StockNews.com cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. CIBC boosted their price objective on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Scotiabank raised their target price on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.94.

Insider Buying and Selling

In other news, VP Michael J. Watson sold 5,732 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $227.51, for a total transaction of $1,304,087.32. Following the completion of the transaction, the vice president now owns 55,587 shares of the company’s stock, valued at approximately $12,646,598.37. This trade represents a 9.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Donald J. Smith sold 191 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the completion of the sale, the vice president now directly owns 6,129 shares in the company, valued at approximately $1,349,728.38. This represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,192 shares of company stock worth $15,025,861 in the last 90 days. Insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

Waste Management stock opened at $228.64 on Thursday. The stock has a market cap of $91.94 billion, a PE ratio of 33.62, a P/E/G ratio of 2.71 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $232.44. The business’s 50-day moving average price is $214.69 and its two-hundred day moving average price is $213.58.

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

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 14th. Waste Management’s dividend payout ratio is presently 48.53%.

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.