Forsta AP Fonden Sells 5,100 Shares of Waste Management, Inc. (NYSE:WM)

Forsta AP Fonden lessened its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,900 shares of the business services provider's stock after selling 5,100 shares during the quarter. Forsta AP Fonden's holdings in Waste Management were worth $18,948,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its holdings in shares of Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock worth $28,000 after acquiring an additional 125 shares in the last quarter. General Partner Inc. acquired a new position in shares of Waste Management in the 4th quarter worth approximately $29,000. Sugar Maple Asset Management LLC bought a new position in Waste Management in the 4th quarter worth approximately $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Waste Management in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm'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 of the company's stock, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WM shares. UBS Group boosted their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Scotiabank upgraded shares of Waste Management from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $225.00 to $250.00 in a research report on Monday. CIBC upped their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Truist Financial upped their target price on shares of Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Argus upped 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. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $231.39.

Waste Management Stock Performance

Waste Management stock traded up $10.54 during trading hours on Thursday, hitting $220.09. The company had a trading volume of 1,074,866 shares, compared to its average volume of 1,693,586. The firm has a market cap of $88.34 billion, a PE ratio of 33.65, a PEG ratio of 2.17 and a beta of 0.77. 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 one year low of $184.72 and a one year high of $230.39. The firm has a 50-day moving average of $212.26 and a 200 day moving average of $211.28.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.35% and a return on equity of 39.88%. On average, sell-side analysts expect that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.36%. Waste Management's dividend payout ratio is currently 45.87%.

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.