TLW Wealth Management LLC Sells 6,363 Shares of Waste Management, Inc. $WM

TLW Wealth Management LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 10.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 53,044 shares of the business services provider’s stock after selling 6,363 shares during the period. Waste Management accounts for approximately 6.7% of TLW Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. TLW Wealth Management LLC’s holdings in Waste Management were worth $11,714,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB lifted its position in Waste Management by 7.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,935 shares of the business services provider’s stock valued at $3,740,000 after purchasing an additional 1,124 shares during the period. Littlejohn Financial Services Inc. boosted its stake in Waste Management by 9.4% in the third quarter. Littlejohn Financial Services Inc. now owns 11,903 shares of the business services provider’s stock valued at $2,629,000 after acquiring an additional 1,020 shares during the last quarter. Kennedy Investment Group raised its position in shares of Waste Management by 3.1% during the 3rd quarter. Kennedy Investment Group now owns 4,199 shares of the business services provider’s stock valued at $927,000 after acquiring an additional 128 shares during the last quarter. Magnus Financial Group LLC lifted its stake in shares of Waste Management by 1.7% in the 3rd quarter. Magnus Financial Group LLC now owns 4,930 shares of the business services provider’s stock valued at $1,089,000 after purchasing an additional 83 shares during the period. Finally, BCS Private Wealth Management Inc. boosted its position in shares of Waste Management by 6.6% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 22,438 shares of the business services provider’s stock worth $4,955,000 after purchasing an additional 1,399 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.4%

Waste Management stock opened at $219.74 on Friday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The company has a 50 day moving average of $215.35 and a 200-day moving average of $219.31. The stock has a market capitalization of $88.53 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.59.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.Waste Management’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the company posted $1.96 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio is 51.97%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Scotiabank cut their price target on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 29th. UBS Group raised shares of Waste Management from a “neutral” rating to a “buy” rating and upped their target price for the company from $225.00 to $260.00 in a research note on Friday, January 9th. Oppenheimer increased their target price on shares of Waste Management from $262.00 to $263.00 and gave the stock an “outperform” rating in a report on Tuesday, December 16th. Finally, National Bankshares lowered their price objective on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $250.77.

Insider Activity

In other news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the sale, the senior vice president directly owned 15,540 shares in the company, valued at $3,373,112.40. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.