Trillium Asset Management LLC Sells 51,421 Shares of Waste Management, Inc. (NYSE:WM)

Trillium Asset Management LLC trimmed its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 53.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,065 shares of the business services provider's stock after selling 51,421 shares during the period. Trillium Asset Management LLC's holdings in Waste Management were worth $8,892,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management boosted its holdings in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock worth $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates boosted its holdings in shares of Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock worth $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. bought a new position in shares of Waste Management in the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Waste Management in the fourth quarter worth $33,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Waste Management in the fourth quarter worth $35,000. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Down 0.9 %

Shares of WM traded down $2.14 during trading hours on Friday, hitting $224.76. The company had a trading volume of 2,535,970 shares, compared to its average volume of 1,532,354. The firm has a market cap 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. The stock's 50 day moving average price is $222.69 and its 200 day moving average price is $215.86. 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 52-week low of $196.59 and a 52-week high of $235.81.

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Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data 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 37.93% and a net margin of 12.45%. On average, research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.30 annualized dividend and a dividend yield of 1.47%. This is an increase from Waste Management's previous quarterly dividend of $0.75. Waste Management's payout ratio is currently 48.53%.

Insider Transactions at Waste Management

In related news, VP Donald J. Smith sold 191 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the transaction, the vice president now owns 6,129 shares in the company, valued at $1,349,728.38. The trade was a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Johnson Varkey sold 560 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.11, for a total value of $123,261.60. Following the transaction, the senior vice president now owns 9,152 shares in the company, valued at approximately $2,014,446.72. This represents a 5.77 % decrease in their position. 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. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

WM has been the subject of a number of analyst reports. Raymond James raised their price target on Waste Management from $235.00 to $237.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Waste Management in a research note on Friday, January 31st. StockNews.com lowered Waste Management from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on Waste Management from $243.00 to $252.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, CIBC lifted their price objective on Waste Management from $227.00 to $247.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Nine equities research 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 presently has an average 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.