RW Investment Management LLC Has $588,000 Position in Waste Management, Inc. (NYSE:WM)

RW Investment Management LLC lessened its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 36.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,915 shares of the business services provider's stock after selling 1,637 shares during the period. RW Investment Management LLC's holdings in Waste Management were worth $588,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock worth $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates grew its position in Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock worth $28,000 after buying an additional 125 shares in the last quarter. General Partner Inc. bought a new position in Waste Management during the fourth quarter valued at about $29,000. Sugar Maple Asset Management LLC acquired a new position in Waste Management in the 4th quarter valued at approximately $35,000. Finally, Richardson Financial Services Inc. lifted its position in shares of Waste Management by 65.7% in the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider's stock worth $35,000 after acquiring an additional 69 shares during the period. Institutional investors own 80.40% of the company's stock.

Insider Buying and Selling at Waste Management

In other news, SVP Tara J. Hemmer sold 4,576 shares of Waste Management stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles C. Boettcher sold 693 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.59, for a total transaction of $152,868.87. Following the transaction, the executive vice president now 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. Insiders have sold 16,055 shares of company stock valued at $3,578,340 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on WM. Royal Bank of Canada upped their target price on Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Jefferies Financial Group reduced their price objective on shares of Waste Management from $255.00 to $238.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. StockNews.com lowered shares of Waste Management from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. BMO Capital Markets increased their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Waste Management from $213.00 to $219.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Waste Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $235.94.

Waste Management Trading Down 0.5 %

WM traded down $1.24 during trading on Friday, reaching $227.89. 1,709,065 shares of the company's stock were exchanged, compared to its average volume of 1,665,810. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week 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 firm has a market capitalization of $91.47 billion, a PE ratio of 33.51, a P/E/G ratio of 2.71 and a beta of 0.78. The company's fifty day moving average price is $213.14 and its 200-day moving average price is $212.81.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, equities analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, March 14th. This is a boost from Waste Management's previous quarterly dividend of $0.75. Waste Management's dividend payout ratio is 44.12%.

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.