Nvwm LLC Has $1.70 Million Position in Waste Management, Inc. (NYSE:WM)

Nvwm LLC trimmed its position in Waste Management, Inc. (NYSE:WM) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,439 shares of the business services provider’s stock after selling 169 shares during the quarter. Nvwm LLC’s holdings in Waste Management were worth $1,703,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WM. Activest Wealth Management increased its stake in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the period. Global Wealth Strategies & Associates increased its stake 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 buying an additional 125 shares during the period. General Partner Inc. bought a new position in shares of Waste Management during the fourth quarter worth about $29,000. Sugar Maple Asset Management LLC bought a new stake in Waste Management in the fourth quarter valued at approximately $35,000. Finally, Richardson Financial Services Inc. raised its holdings in Waste Management by 65.7% during the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Argus lifted their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Raymond James raised their target price on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Citigroup increased their target price on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer upped their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, CIBC lifted their price target on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $234.50.

Insider Buying and Selling

In other Waste Management news, CAO John A. Carroll sold 209 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the sale, the chief accounting officer now directly owns 9,066 shares in the company, valued at approximately $1,999,506.30. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles C. Boettcher sold 693 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.59, for a total transaction of $152,868.87. Following the sale, the executive vice president now directly owns 45,542 shares in the company, valued at approximately $10,046,109.78. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,055 shares of company stock worth $2,674,780 in the last three months. 0.18% of the stock is owned by corporate insiders.

Waste Management Trading Down 0.6 %

Shares of WM stock opened at $222.33 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 1-year low of $187.20 and a 1-year high of $230.39. The business has a 50-day moving average of $212.05 and a 200 day moving average of $211.24. The stock has a market capitalization of $89.23 billion, a PE ratio of 32.70, a P/E/G ratio of 2.57 and a beta of 0.78.

Waste Management (NYSE:WM) last posted its 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 return on equity of 38.88% and a net margin of 12.45%. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.92 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is presently 44.12%.

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.