Kimelman & Baird LLC Sells 3,813 Shares of Waste Management, Inc. (NYSE:WM)

Kimelman & Baird LLC trimmed its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 212,857 shares of the business services provider's stock after selling 3,813 shares during the quarter. Waste Management comprises approximately 3.4% of Kimelman & Baird LLC's portfolio, making the stock its 11th biggest position. Kimelman & Baird LLC owned about 0.05% of Waste Management worth $42,952,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WM. Signaturefd LLC raised its stake in Waste Management by 0.6% during the 4th quarter. Signaturefd LLC now owns 8,511 shares of the business services provider's stock valued at $1,717,000 after buying an additional 49 shares during the last quarter. Parallel Advisors LLC increased its position in Waste Management by 18.7% during the fourth quarter. Parallel Advisors LLC now owns 10,175 shares of the business services provider's stock valued at $2,053,000 after acquiring an additional 1,601 shares during the last quarter. Cibc World Markets Corp lifted its holdings in Waste Management by 14.8% in the fourth quarter. Cibc World Markets Corp now owns 59,276 shares of the business services provider's stock valued at $11,961,000 after acquiring an additional 7,637 shares during the period. Addison Capital Co boosted its position in Waste Management by 3.3% in the fourth quarter. Addison Capital Co now owns 5,910 shares of the business services provider's stock worth $1,193,000 after purchasing an additional 188 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Waste Management by 15.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,536 shares of the business services provider's stock valued at $310,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.

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Insider Buying and Selling at Waste Management

In other Waste Management news, SVP Johnson Varkey sold 124 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $234.96, for a total transaction of $29,135.04. Following the transaction, the senior vice president now owns 8,491 shares in the company, valued at $1,995,045.36. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John J. Morris sold 19,153 shares of Waste Management stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the transaction, the executive vice president now directly owns 85,257 shares of the company's stock, valued at approximately $19,158,100.47. This represents a 18.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,577 shares of company stock worth $21,662,464 over the last ninety days. Company insiders own 0.18% of the company's stock.

Waste Management Price Performance

Waste Management stock traded down $2.14 during midday trading on Friday, reaching $224.76. 2,535,970 shares of the stock traded hands, compared to its average volume of 1,534,325. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $235.81. The stock's fifty day moving average is $222.33 and its 200-day moving average is $215.73. The stock has a market cap of $90.38 billion, a P/E ratio of 33.05, a PEG ratio of 2.71 and a beta of 0.75.

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 (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%. As a group, equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.30 annualized dividend and a yield of 1.47%. This is a positive change from Waste Management's previous quarterly dividend of $0.75. Waste Management's dividend payout ratio (DPR) is currently 48.53%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Scotiabank raised their price objective on shares of Waste Management from $250.00 to $255.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. Stifel Nicolaus boosted their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Morgan Stanley raised their target price on Waste Management from $227.00 to $235.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Raymond James boosted their price target on Waste Management from $235.00 to $237.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Waste Management currently has a consensus rating of "Moderate Buy" and an average price target of $236.65.

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.