Sand Hill Global Advisors LLC Sells 107 Shares of Waste Management, Inc. (NYSE:WM)

Sand Hill Global Advisors LLC decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,178 shares of the business services provider’s stock after selling 107 shares during the period. Sand Hill Global Advisors LLC’s holdings in Waste Management were worth $10,778,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Sachetta LLC acquired a new position in Waste Management during the fourth quarter worth $27,000. Gilfoyle & Co LLC acquired a new position in Waste Management during the fourth quarter worth $30,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Waste Management during the fourth quarter worth $36,000. Rational Advisors LLC acquired a new position in Waste Management during the third quarter worth $41,000. Finally, Headlands Technologies LLC acquired a new position in Waste Management during the third quarter worth $51,000. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

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

Waste Management Stock Performance

NYSE:WM traded up $1.59 during mid-day trading on Wednesday, reaching $209.92. 1,515,651 shares of the company’s stock were exchanged, compared to its average volume of 1,667,578. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54. The firm has a market capitalization of $84.19 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.71 and a beta of 0.72. The business’s fifty day simple moving average is $209.57 and its two-hundred day simple moving average is $193.16. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the firm earned $1.31 earnings per share. Waste Management’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that Waste Management, Inc. will post 7.29 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, June 7th. Waste Management’s dividend payout ratio is currently 49.10%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WM. Robert W. Baird increased their target price on shares of Waste Management from $214.00 to $222.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Oppenheimer increased their price target on shares of Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Raymond James increased their price target on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Truist Financial increased their price target on shares of Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Morgan Stanley increased their price target on shares of Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $217.61.

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.