Waste Management, Inc. (NYSE:WM) Shares Sold by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. decreased its holdings in shares of Waste Management, Inc. (NYSE:WMFree Report) by 4.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,927 shares of the business services provider’s stock after selling 130 shares during the period. Cahaba Wealth Management Inc.’s holdings in Waste Management were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Acadian Asset Management LLC increased its stake in shares of Waste Management by 534.5% in the first quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock valued at $530,000 after purchasing an additional 2,817 shares during the period. Blair William & Co. IL increased its stake in shares of Waste Management by 0.7% in the first quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock valued at $8,411,000 after purchasing an additional 370 shares during the period. Baird Financial Group Inc. increased its stake in shares of Waste Management by 0.6% during the first quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock valued at $56,842,000 after acquiring an additional 2,309 shares during the period. Covestor Ltd increased its stake in shares of Waste Management by 83.8% during the first quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 310 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Waste Management by 44.8% during the first quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock valued at $5,234,000 after acquiring an additional 10,212 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of research analyst reports. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 16th. Royal Bank of Canada raised their target price on shares of Waste Management from $163.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Jefferies Financial Group raised their target price on shares of Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Truist Financial raised their target price on shares of Waste Management from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, HSBC cut shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price for the company. in a report on Thursday, February 15th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.57.

Check Out Our Latest Research Report on Waste Management

Insider Buying and Selling at Waste Management

In other news, Director John C. Pope sold 185 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $181.00, for a total transaction of $33,485.00. Following the transaction, the director now owns 56,461 shares in the company, valued at approximately $10,219,441. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John C. Pope sold 185 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $181.00, for a total transaction of $33,485.00. Following the transaction, the director now owns 56,461 shares in the company, valued at approximately $10,219,441. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tara J. Hemmer sold 1,782 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total transaction of $363,937.86. Following the transaction, the senior vice president now owns 55,591 shares in the company, valued at approximately $11,353,349.93. The disclosure for this sale can be found here. Insiders sold 30,242 shares of company stock valued at $5,929,355 in the last quarter. Company insiders own 0.27% of the company’s stock.

Waste Management Trading Down 0.9 %

Waste Management stock traded down $1.81 during midday trading on Tuesday, reaching $211.10. The stock had a trading volume of 1,543,755 shares, compared to its average volume of 1,661,295. The firm’s fifty day simple moving average is $201.78 and its two-hundred day simple moving average is $180.40. The firm has a market cap of $84.78 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 3.24 and a beta of 0.72. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.90 and a quick ratio of 0.86.

Waste Management (NYSE:WMGet Free Report) last issued its earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.21. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.19 billion. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. During the same quarter last year, the business posted $1.30 EPS. Equities analysts anticipate that Waste Management, Inc. will post 6.88 EPS for the current fiscal year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s dividend payout ratio (DPR) is 53.00%.

Waste Management Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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