Osaic Holdings Inc. Has $55.07 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Osaic Holdings Inc. lessened its holdings in Waste Management, Inc. (NYSE:WM) by 29.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258,268 shares of the business services provider’s stock after selling 109,102 shares during the period. Osaic Holdings Inc. owned approximately 0.06% of Waste Management worth $55,073,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new stake in Waste Management during the fourth quarter worth about $73,000. Whittier Trust Co. grew its stake in Waste Management by 1.7% during the fourth quarter. Whittier Trust Co. now owns 13,700 shares of the business services provider’s stock worth $2,454,000 after buying an additional 227 shares during the last quarter. Cyndeo Wealth Partners LLC grew its stake in Waste Management by 3.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 2,449 shares of the business services provider’s stock worth $439,000 after buying an additional 80 shares during the last quarter. Advisor Resource Council bought a new stake in Waste Management during the fourth quarter worth about $313,000. Finally, Cedar Brook Financial Partners LLC bought a new stake in shares of Waste Management during the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the transaction, the vice president now directly owns 44,144 shares in the company, valued at approximately $9,711,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Michael J. Watson sold 4,208 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the transaction, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Waste Management Stock Up 0.1 %

WM traded up $0.30 during trading on Monday, hitting $223.10. The company had a trading volume of 615,780 shares, compared to its average volume of 1,688,524. The company has a market capitalization of $89.48 billion, a PE ratio of 36.46, a PEG ratio of 2.59 and a beta of 0.74. Waste Management, Inc. has a one year low of $149.71 and a one year high of $225.00. The firm’s 50-day moving average price is $209.43 and its 200 day moving average price is $203.88. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the firm posted $1.31 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.34%. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Wall Street Analyst Weigh In

WM has been the topic of several research analyst reports. Robert W. Baird increased their price target on shares of Waste Management from $214.00 to $222.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Raymond James increased their price target on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Truist Financial decreased their price target on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. BMO Capital Markets lifted their target price on shares of Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Finally, StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.39.

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.