Radnor Capital Management LLC Has $3.68 Million Stake in Waste Management, Inc. (NYSE:WM)

Radnor Capital Management LLC reduced its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,256 shares of the business services provider's stock after selling 3,000 shares during the quarter. Radnor Capital Management LLC's holdings in Waste Management were worth $3,684,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aberdeen Wealth Management LLC boosted its stake in shares of Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider's stock valued at $857,000 after purchasing an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in Waste Management by 3.9% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider's stock valued at $257,000 after acquiring an additional 46 shares during the last quarter. Benchmark Financial Wealth Advisors LLC grew its holdings in Waste Management by 1.9% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider's stock worth $546,000 after acquiring an additional 49 shares during the period. Balboa Wealth Partners raised its position in shares of Waste Management by 4.1% during the 3rd quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider's stock valued at $256,000 after acquiring an additional 49 shares during the last quarter. Finally, Werlinich Asset Management LLC lifted its stake in shares of Waste Management by 1.2% in the 3rd quarter. Werlinich Asset Management LLC now owns 4,385 shares of the business services provider's stock valued at $910,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Stock Up 0.5 %

NYSE WM traded up $0.99 during trading on Wednesday, hitting $208.16. The stock had a trading volume of 1,655,360 shares, compared to its average volume of 1,703,157. Waste Management, Inc. has a 12 month low of $180.17 and a 12 month high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company's 50-day moving average price is $214.44 and its two-hundred day moving average price is $211.25. The company has a market capitalization of $83.55 billion, a PE ratio of 31.83, a P/E/G ratio of 2.36 and a beta of 0.77.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, December 6th. Waste Management's dividend payout ratio is currently 45.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WM shares. Stifel Nicolaus lifted their price objective on Waste Management from $243.00 to $252.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. UBS Group boosted their target price on Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. CIBC increased their price target on shares of Waste Management from $228.00 to $235.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Royal Bank of Canada boosted their price objective on shares of Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. 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 report on Thursday, October 31st. Ten equities research 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 data from MarketBeat, Waste Management has a consensus rating of "Moderate Buy" and a consensus price target of $230.72.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company's stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

About Waste Management

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.