Tilt Investment Management Holdings PBC Trims Holdings in Waste Management, Inc. (NYSE:WM)

Tilt Investment Management Holdings PBC trimmed its stake in Waste Management, Inc. (NYSE:WM) by 89.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,492 shares of the business services provider’s stock after selling 12,179 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Waste Management were worth $267,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WM. Acadian Asset Management LLC grew its holdings in shares of Waste Management by 534.5% in the first quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock valued at $530,000 after purchasing an additional 2,817 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Waste Management by 0.7% in the first quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock valued at $8,411,000 after purchasing an additional 370 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Waste Management by 0.6% in the first quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock valued at $56,842,000 after purchasing an additional 2,309 shares in the last quarter. Covestor Ltd grew its holdings in Waste Management by 83.8% during the 1st quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock worth $108,000 after acquiring an additional 310 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Waste Management by 44.8% during the 1st quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock worth $5,234,000 after acquiring an additional 10,212 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Trading Up 0.0 %

Shares of WM opened at $205.17 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 2.30. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The business’s 50-day moving average price is $206.94 and its 200 day moving average price is $184.57. The stock has a market capitalization of $82.33 billion, a P/E ratio of 36.23, a P/E/G ratio of 3.13 and a beta of 0.72.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.21. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the company earned $1.30 EPS. Analysts expect that Waste Management, Inc. will post 6.88 earnings per share for the current year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, March 14th. This is a boost from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.46%. Waste Management’s payout ratio is currently 53.00%.

Insider Activity

In other news, EVP John J. Morris sold 8,889 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $207.46, for a total transaction of $1,844,111.94. Following the sale, the executive vice president now owns 95,461 shares in the company, valued at $19,804,339.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Waste Management news, EVP John J. Morris sold 8,889 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $207.46, for a total value of $1,844,111.94. Following the completion of the sale, the executive vice president now directly owns 95,461 shares in the company, valued at $19,804,339.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tara J. Hemmer sold 1,782 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total value of $363,937.86. Following the transaction, the senior vice president now owns 55,591 shares of the company’s stock, valued at $11,353,349.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,007 shares of company stock worth $3,696,520. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on WM shares. Citigroup boosted their price objective on shares of Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. upped their price target on shares of Waste Management from $165.00 to $197.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Royal Bank of Canada assumed coverage on shares of Waste Management in a research report on Monday, April 8th. They issued a “sector perform” rating and a $211.00 price target for the company. Oppenheimer upped their price target on shares of Waste Management from $188.00 to $212.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Finally, Jefferies Financial Group upped their price target on shares of Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.85.

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.