King Luther Capital Management Corp Sells 3,847 Shares of Waste Management, Inc. (NYSE:WM)

King Luther Capital Management Corp decreased its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 256,592 shares of the business services provider's stock after selling 3,847 shares during the quarter. King Luther Capital Management Corp owned 0.06% of Waste Management worth $51,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management increased its stake 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 purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates increased its stake in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock valued at $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. bought a new position in shares of Waste Management in the fourth quarter valued at $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Waste Management during the 4th quarter worth about $33,000. Finally, Sugar Maple Asset Management LLC bought a new stake in Waste Management in the fourth quarter valued at approximately $35,000. Institutional investors own 80.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Waste Management from $243.00 to $252.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Morgan Stanley upped their price objective on shares of Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Citigroup raised their target price on shares of Waste Management from $242.00 to $255.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. StockNews.com lowered shares of Waste Management from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group cut their price objective on shares of Waste Management from $255.00 to $238.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $236.65.

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Insider Buying and Selling at Waste Management

In other Waste Management news, EVP John J. Morris sold 19,153 shares of the company's stock in a transaction dated 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 owns 85,257 shares of the company's stock, valued at $19,158,100.47. This represents a 18.34 % 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 124 shares of Waste Management stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $234.96, for a total value of $29,135.04. Following the sale, the senior vice president now directly owns 8,491 shares in the company, valued at $1,995,045.36. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,577 shares of company stock worth $21,662,464 over the last 90 days. Insiders own 0.18% of the company's stock.

Waste Management Price Performance

Waste Management stock traded down $0.49 during trading hours on Wednesday, reaching $223.72. 614,834 shares of the stock were exchanged, compared to its average volume of 1,526,007. The stock has a 50 day moving average of $219.18 and a two-hundred day moving average of $215.04. The company has a market cap of $89.96 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $235.81.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.45% and a return on equity of 37.93%. Equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.825 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 1.48%. Waste Management's dividend payout ratio (DPR) is 48.53%.

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.