Hemenway Trust Co LLC reduced its position in Waste Management, Inc. (NYSE:WM - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,996 shares of the business services provider's stock after selling 3,030 shares during the quarter. Hemenway Trust Co LLC's holdings in Waste Management were worth $9,887,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. raised its holdings in Waste Management by 8.8% in the third quarter. Royal London Asset Management Ltd. now owns 177,523 shares of the business services provider's stock valued at $36,854,000 after buying an additional 14,343 shares during the period. Two Sigma Advisers LP raised its stake in shares of Waste Management by 76.9% in the 3rd quarter. Two Sigma Advisers LP now owns 245,500 shares of the business services provider's stock valued at $50,966,000 after acquiring an additional 106,700 shares during the period. Weaver Consulting Group boosted its position in Waste Management by 29.3% during the 3rd quarter. Weaver Consulting Group now owns 1,323 shares of the business services provider's stock worth $275,000 after purchasing an additional 300 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Waste Management by 98.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 57,553 shares of the business services provider's stock valued at $10,872,000 after purchasing an additional 28,596 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its position in Waste Management by 6.8% in the third quarter. Insigneo Advisory Services LLC now owns 3,591 shares of the business services provider's stock valued at $745,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.
Insider Transactions at Waste Management
In other news, CAO John A. Carroll sold 209 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, the chief accounting officer now owns 9,066 shares of the company's stock, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Charles C. Boettcher sold 693 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total transaction of $152,868.87. Following the completion of the sale, the executive vice president now directly owns 45,542 shares of the company's stock, valued at $10,046,109.78. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,577 shares of company stock worth $21,662,464. Company insiders own 0.18% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on WM shares. Jefferies Financial Group dropped their target price on Waste Management from $255.00 to $238.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Morgan Stanley upped their target price 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. StockNews.com downgraded shares of Waste Management from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Oppenheimer raised their target price on Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, CIBC lifted their target price on Waste Management from $227.00 to $247.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $236.94.
Check Out Our Latest Analysis on Waste Management
Waste Management Stock Performance
NYSE WM traded up $2.63 during trading hours on Thursday, reaching $227.05. The company's stock had a trading volume of 1,032,146 shares, compared to its average volume of 1,632,362. The stock has a market cap of $91.35 billion, a PE ratio of 33.24, a PEG ratio of 2.71 and a beta of 0.66. The business has a 50-day simple moving average of $227.14 and a 200 day simple moving average of $217.91. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $239.32. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73.
Waste Management (NYSE:WM - Get Free Report) last issued its 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 return on equity of 37.93% and a net margin of 12.45%. Equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.
Waste Management Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.825 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. This is a positive change from Waste Management's previous quarterly dividend of $0.75. Waste Management's dividend payout ratio (DPR) is presently 48.53%.
About Waste Management
(
Free Report)
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.
Featured Stories
Before you consider Waste Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Management wasn't on the list.
While Waste Management currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
