Trium Capital LLP Sells 2,847 Shares of Waste Management, Inc. (NYSE:WM)

Trium Capital LLP cut its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,184 shares of the business services provider's stock after selling 2,847 shares during the quarter. Waste Management accounts for approximately 0.3% of Trium Capital LLP's holdings, making the stock its 12th biggest holding. Trium Capital LLP's holdings in Waste Management were worth $1,853,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Activest Wealth Management grew its position in 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 acquiring an additional 120 shares during the last quarter. Global Wealth Strategies & Associates boosted its stake in shares of Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock valued at $28,000 after purchasing an additional 125 shares during the period. General Partner Inc. bought a new position in shares of Waste Management in the fourth quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Waste Management in the second quarter worth $36,000. Finally, Fairscale Capital LLC bought a new stake in Waste Management during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 80.40% of the company's stock.

Insider Buying and Selling

In other news, Director Maryrose Sylvester sold 310 shares of the firm's stock in a transaction dated 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 owns 3,875 shares of the company's stock, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by company insiders.

Waste Management Stock Up 0.4 %

NYSE:WM traded up $0.78 during trading hours on Friday, reaching $211.79. 1,663,684 shares of the company traded hands, compared to its average volume of 1,458,420. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The business's 50-day moving average price is $213.80 and its two-hundred day moving average price is $211.25. Waste Management, Inc. has a 1 year low of $181.56 and a 1 year high of $230.39. The stock has a market capitalization of $85.01 billion, a P/E ratio of 32.38, a P/E/G ratio of 2.10 and a beta of 0.77.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the firm earned $1.63 EPS. Waste Management's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, December 6th. Waste Management's dividend payout ratio (DPR) is currently 45.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WM shares. 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 boosted their price target on Waste Management from $214.00 to $227.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. CIBC lifted their price objective on Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. UBS Group upped their target price on Waste Management from $220.00 to $226.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their price target 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. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Waste Management has an average rating of "Moderate Buy" and an average price target of $230.72.

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.