Jackson Square Partners LLC Sells 1,806 Shares of Waste Management, Inc. (NYSE:WM)

Jackson Square Partners LLC trimmed its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,835 shares of the business services provider's stock after selling 1,806 shares during the period. Jackson Square Partners LLC's holdings in Waste Management were worth $7,029,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Checchi Capital Advisers LLC raised its position in shares of Waste Management by 0.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider's stock valued at $1,366,000 after buying an additional 45 shares in the last quarter. Catalyst Financial Partners LLC increased its stake in Waste Management by 2.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider's stock valued at $411,000 after acquiring an additional 48 shares during the last quarter. Maia Wealth LLC raised its position in Waste Management by 4.1% during the fourth quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider's stock valued at $259,000 after purchasing an additional 48 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Waste Management by 1.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,091 shares of the business services provider's stock valued at $624,000 after purchasing an additional 49 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Waste Management by 0.6% in the 4th quarter. Signaturefd LLC now owns 8,511 shares of the business services provider's stock valued at $1,717,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

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Analyst Ratings Changes

WM has been the topic of several research analyst reports. StockNews.com lowered Waste Management from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Oppenheimer upped their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research note on Friday, January 31st. Citigroup increased their price target on Waste Management from $242.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group reduced their price objective on Waste Management from $255.00 to $238.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $236.65.

Waste Management Trading Down 0.5 %

Shares of WM traded down $1.23 during trading hours on Friday, hitting $227.80. 1,264,803 shares of the stock were exchanged, compared to its average volume of 1,616,188. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The firm has a market capitalization of $91.60 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. The business has a 50-day moving average of $224.57 and a 200-day moving average of $216.56. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $235.81.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. On average, research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, March 14th. This is an increase from Waste Management's previous quarterly dividend of $0.75. Waste Management's payout ratio is presently 48.53%.

Insiders Place Their Bets

In other Waste Management news, SVP Johnson Varkey sold 124 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $234.96, for a total value of $29,135.04. Following the completion of the sale, the senior vice president now directly owns 8,491 shares of the company's stock, valued at approximately $1,995,045.36. This represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Tara J. Hemmer sold 4,576 shares of Waste Management stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total value of $1,016,421.12. Following the sale, the senior vice president now owns 58,765 shares in the company, valued at $13,052,881.80. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,577 shares of company stock worth $21,662,464. 0.18% of the stock is currently owned by company insiders.

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.