Tradewinds LLC. Has $759,000 Stake in Waste Management, Inc. (NYSE:WM)

Tradewinds LLC. lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,762 shares of the business services provider’s stock after selling 56 shares during the quarter. Tradewinds LLC.’s holdings in Waste Management were worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WM. Checchi Capital Advisers LLC lifted its position in Waste Management by 0.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock worth $1,366,000 after purchasing an additional 45 shares during the period. Catalyst Financial Partners LLC lifted its holdings in shares of Waste Management by 2.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock worth $411,000 after acquiring an additional 48 shares during the period. Maia Wealth LLC boosted its position in shares of Waste Management by 4.1% during the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider’s stock worth $259,000 after acquiring an additional 48 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Waste Management by 1.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,091 shares of the business services provider’s stock valued at $624,000 after acquiring an additional 49 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Waste Management by 0.6% during the fourth quarter. Signaturefd LLC now owns 8,511 shares of the business services provider’s stock worth $1,717,000 after purchasing an additional 49 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Waste Management news, VP Donald J. Smith sold 191 shares of Waste Management stock in a transaction dated 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 transaction, the vice president now owns 6,129 shares in the company, valued at approximately $1,349,728.38. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John J. Morris sold 19,153 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $224.71, for a total value of $4,303,870.63. Following the completion of the transaction, the executive vice president now owns 85,257 shares in the company, valued at $19,158,100.47. This represents a 18.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,577 shares of company stock valued at $21,662,464. 0.18% of the stock is owned by company insiders.

Waste Management Price Performance

Shares of NYSE WM opened at $231.73 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The company has a market capitalization of $93.18 billion, a PE ratio of 34.08, a P/E/G ratio of 2.71 and a beta of 0.75. The firm has a fifty day simple moving average of $224.97 and a 200 day simple moving average of $216.79. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $235.81.

Waste Management (NYSE:WM) last issued its quarterly earnings results 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 net margin of 12.45% and a return on equity of 37.93%. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.825 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 1.42%. Waste Management’s dividend payout ratio (DPR) is currently 48.53%.

Wall Street Analyst Weigh In

WM has been the subject of a number of research analyst reports. StockNews.com cut Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Oppenheimer boosted their target price on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley raised their price target on shares of Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Stifel Nicolaus increased their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Scotiabank boosted their target price on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.65.

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.