Gladstone Institutional Advisory LLC Sells 328 Shares of Waste Management, Inc. (NYSE:WM)

Gladstone Institutional Advisory LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,673 shares of the business services provider’s stock after selling 328 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Waste Management were worth $837,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WM. Duality Advisers LP bought a new stake in shares of Waste Management during the 3rd quarter worth $792,000. Private Advisor Group LLC raised its stake in Waste Management by 1.5% in the 3rd quarter. Private Advisor Group LLC now owns 60,712 shares of the business services provider’s stock valued at $9,255,000 after acquiring an additional 883 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Waste Management in the 3rd quarter valued at about $527,000. Larson Financial Group LLC raised its stake in Waste Management by 12.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,168 shares of the business services provider’s stock valued at $178,000 after acquiring an additional 128 shares during the period. Finally, ORG Partners LLC raised its stake in Waste Management by 61.5% in the 3rd quarter. ORG Partners LLC now owns 1,552 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 591 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Waste Management

In other Waste Management news, SVP Tara J. Hemmer sold 1,782 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total value of $363,937.86. Following the completion of the sale, the senior vice president now owns 55,591 shares in the company, valued at $11,353,349.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Tara J. Hemmer sold 1,782 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total value of $363,937.86. Following the completion of the sale, the senior vice president now owns 55,591 shares of the company’s stock, valued at $11,353,349.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles C. Boettcher sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the sale, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,282 shares of company stock worth $2,754,889. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WM shares. TD Cowen boosted their price objective on Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Morgan Stanley lifted their target price on Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. HSBC lowered Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price for the company. in a report on Thursday, February 15th. Jefferies Financial Group lifted their target price on Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, CIBC lifted their target price on Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $217.61.

Waste Management Stock Down 0.1 %

Shares of WM opened at $208.34 on Wednesday. The firm has a market cap of $83.56 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.71 and a beta of 0.72. The stock has a 50 day simple moving average of $209.57 and a two-hundred day simple moving average of $193.16. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $214.54.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Waste Management, Inc. will post 7.29 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.44%. Waste Management’s payout ratio is currently 49.10%.

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.