Fiera Capital Corp lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 21.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,860 shares of the business services provider’s stock after selling 772 shares during the quarter. Fiera Capital Corp’s holdings in Waste Management were worth $369,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Childress Capital Advisors LLC bought a new position in shares of Waste Management in the fourth quarter worth $26,000. Paradigm Strategies in Wealth Management LLC bought a new position in shares of Waste Management in the first quarter worth $26,000. Annapolis Financial Services LLC bought a new position in shares of Waste Management in the fourth quarter worth $27,000. Oder Investment Management LLC bought a new position in shares of Waste Management in the fourth quarter worth $28,000. Finally, RWM Asset Management LLC bought a new position in Waste Management in the fourth quarter valued at about $29,000. 74.37% of the stock is owned by institutional investors.
WM opened at $139.93 on Friday. Waste Management, Inc. has a twelve month low of $100.45 and a twelve month high of $144.54. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.98 and a current ratio of 1.01. The business’s fifty day moving average price is $137.97. The firm has a market capitalization of $59.07 billion, a PE ratio of 38.23, a PEG ratio of 2.59 and a beta of 0.80.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 18th. Stockholders of record on Friday, June 4th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, June 3rd. Waste Management’s dividend payout ratio (DPR) is presently 57.07%.
A number of research firms recently issued reports on WM. Robert W. Baird cut shares of Waste Management from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $128.00 to $122.00 in a research report on Tuesday, February 16th. The Goldman Sachs Group assumed coverage on shares of Waste Management in a research note on Wednesday, April 7th. They issued a “buy” rating and a $145.00 price objective for the company. Morgan Stanley increased their price objective on shares of Waste Management from $121.00 to $133.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Waste Management from $119.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday, April 28th. Finally, Oppenheimer increased their price objective on shares of Waste Management from $146.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $129.77.
In other Waste Management news, CEO James C. Fish, Jr. sold 131,625 shares of the firm’s stock in a transaction on Tuesday, June 1st. The shares were sold at an average price of $140.50, for a total value of $18,493,312.50. Following the completion of the sale, the chief executive officer now directly owns 284,012 shares in the company, valued at $39,903,686. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles C. Boettcher sold 2,891 shares of the firm’s stock in a transaction on Monday, March 29th. The stock was sold at an average price of $130.00, for a total transaction of $375,830.00. Following the completion of the sale, the executive vice president now owns 22,373 shares of the company’s stock, valued at $2,908,490. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,729 shares of company stock valued at $20,229,125. 0.16% of the stock is currently owned by corporate insiders.
Waste Management Company Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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