Terra Alpha Investments LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,960 shares of the business services provider's stock, valued at approximately $4,230,000. Waste Management accounts for 4.3% of Terra Alpha Investments LLC's investment portfolio, making the stock its 11th biggest position.
Other institutional investors also recently modified their holdings of the company. Aberdeen Wealth Management LLC raised its holdings in 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 worth $857,000 after acquiring an additional 45 shares during the period. Checchi Capital Advisers LLC lifted its position in shares of Waste Management by 0.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider's stock worth $1,366,000 after purchasing an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in Waste Management by 3.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider's stock valued at $257,000 after purchasing an additional 46 shares during the period. Catalyst Financial Partners LLC grew its holdings in Waste Management by 2.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider's stock valued at $411,000 after buying an additional 48 shares during the last quarter. Finally, Maia Wealth LLC increased its position in Waste Management by 4.1% in the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider's stock worth $259,000 after buying an additional 48 shares during the period. Institutional investors own 80.40% of the company's stock.
Insiders Place Their Bets
In related news, EVP John J. Morris sold 19,153 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $224.71, for a total value of $4,303,870.63. Following the completion of the transaction, the executive vice president now directly owns 85,257 shares in the company, valued at approximately $19,158,100.47. The trade was a 18.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Johnson Varkey sold 560 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.11, for a total transaction of $123,261.60. Following the sale, the senior vice president now owns 9,152 shares in the company, valued at $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,577 shares of company stock worth $21,662,464. Insiders own 0.18% of the company's stock.
Waste Management Price Performance
Shares of NYSE:WM traded down $2.14 during midday trading on Friday, reaching $224.76. The company's stock had a trading volume of 2,535,970 shares, compared to its average volume of 1,534,326. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $235.81. The business's fifty day simple moving average is $222.33 and its 200-day simple moving average is $215.73. 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 company has a market capitalization of $90.38 billion, a P/E ratio of 33.05, a P/E/G ratio of 2.71 and a beta of 0.75.
Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.
Waste Management Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.825 dividend. This is a positive change from Waste Management's previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 14th. This represents a $3.30 annualized dividend and a yield of 1.47%. Waste Management's dividend payout ratio is presently 48.53%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Scotiabank boosted their target price on shares of Waste Management from $250.00 to $255.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 3rd. Raymond James upped their price objective on shares of Waste Management from $235.00 to $237.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Morgan Stanley boosted their price target on Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. CIBC lifted their price objective on Waste Management from $227.00 to $247.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. Finally, William Blair restated an "outperform" rating on shares of Waste Management in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $236.65.
Read Our Latest Research Report on WM
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.
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