Jump Financial LLC Has $2.04 Million Holdings in Waste Management, Inc. (NYSE:WM)

Jump Financial LLC reduced its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 47.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,108 shares of the business services provider's stock after selling 9,186 shares during the period. Jump Financial LLC's holdings in Waste Management were worth $2,040,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WM. Global Wealth Strategies & Associates boosted its position 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 buying an additional 125 shares during the period. General Partner Inc. acquired a new stake in Waste Management during the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Waste Management during the 4th quarter worth $33,000. Hurley Capital LLC purchased a new position in Waste Management in the 4th quarter valued at about $34,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Waste Management during the fourth quarter valued at about $35,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of recent analyst reports. CIBC raised 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. Scotiabank raised their price target on shares of Waste Management from $255.00 to $260.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, April 8th. Raymond James upped their price target on shares of Waste Management from $235.00 to $237.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Oppenheimer boosted their target price on shares of Waste Management from $231.00 to $237.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Citigroup increased their price target on shares of Waste Management from $242.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Nine 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $237.76.

Insider Activity

In other news, SVP Rafael Carrasco sold 4,000 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $225.89, for a total value of $903,560.00. Following the transaction, the senior vice president now directly owns 18,531 shares of the company's stock, valued at approximately $4,185,967.59. This represents a 17.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tara J. Hemmer sold 4,576 shares of Waste Management stock in a transaction 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 of the company's stock, valued at approximately $13,052,881.80. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,577 shares of company stock worth $21,662,464 over the last 90 days. 0.18% of the stock is owned by company insiders.

Waste Management Price Performance

NYSE:WM traded down $1.03 during trading hours on Wednesday, reaching $228.93. 1,405,821 shares of the company's stock were exchanged, compared to its average volume of 1,645,279. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The company has a market capitalization of $92.11 billion, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $239.32. The business's 50-day simple moving average is $227.94 and its two-hundred day simple moving average is $219.32.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. Sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.825 dividend. This is an increase from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, March 14th. Waste Management's dividend payout ratio (DPR) is 48.53%.

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.