Waste Management, Inc. (NYSE:WM) Shares Sold by Tsfg LLC

Tsfg LLC lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 886 shares of the business services provider’s stock after selling 115 shares during the period. Tsfg LLC’s holdings in Waste Management were worth $179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WM. Geode Capital Management LLC increased its holdings in Waste Management by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock worth $1,686,203,000 after buying an additional 168,818 shares during the period. Parnassus Investments LLC increased its stake in shares of Waste Management by 11.3% in the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after acquiring an additional 520,096 shares during the period. Ameriprise Financial Inc. lifted its position in Waste Management by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider’s stock valued at $969,401,000 after purchasing an additional 12,664 shares during the period. Nordea Investment Management AB boosted its holdings in Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after purchasing an additional 280,455 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Waste Management by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider’s stock valued at $820,539,000 after buying an additional 243,900 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now directly owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. BMO Capital Markets raised their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Scotiabank began coverage on shares of Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price for the company. William Blair assumed coverage on shares of Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Oppenheimer lifted their price objective on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Argus increased their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.72.

Waste Management Stock Performance

WM opened at $207.12 on Tuesday. The firm has a market capitalization of $83.13 billion, a PE ratio of 31.67, a PEG ratio of 2.36 and a beta of 0.77. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a twelve month low of $180.17 and a twelve month high of $230.39. The firm’s 50-day moving average price is $214.62 and its 200 day moving average price is $211.29.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period in the prior year, the business earned $1.63 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. Waste Management’s payout ratio is 45.87%.

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.