Waste Management, Inc. $WM Position Decreased by HB Wealth Management LLC

HB Wealth Management LLC decreased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,706 shares of the business services provider’s stock after selling 3,315 shares during the period. HB Wealth Management LLC’s holdings in Waste Management were worth $10,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Capital International Investors boosted its holdings in shares of Waste Management by 218.3% in the third quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock worth $302,494,000 after buying an additional 939,455 shares during the period. Holocene Advisors LP boosted its holdings in shares of Waste Management by 163.7% in the third quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock worth $309,317,000 after buying an additional 869,453 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Waste Management by 2.1% in the third quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock worth $8,487,924,000 after buying an additional 774,255 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Waste Management by 3,209.2% in the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock worth $150,466,000 after buying an additional 660,776 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Waste Management by 247.5% in the second quarter. Corient Private Wealth LLC now owns 868,780 shares of the business services provider’s stock worth $198,799,000 after buying an additional 618,792 shares during the period. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Citigroup decreased their target price on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a report on Friday, January 16th. TD Cowen raised their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Robert W. Baird raised their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, Sanford C. Bernstein raised their target price on shares of Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $255.64.

Waste Management Price Performance

NYSE WM opened at $232.98 on Friday. The company has a 50 day simple moving average of $232.78 and a 200-day simple moving average of $222.29. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. The firm has a market capitalization of $93.87 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 2.37 and a beta of 0.54. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.Waste Management’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. Equities research analysts predict that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Waste Management’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Friday, March 13th. Waste Management’s payout ratio is currently 56.42%.

Insiders Place Their Bets

In related news, SVP Johnson Varkey sold 121 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $245.27, for a total transaction of $29,677.67. Following the transaction, the senior vice president owned 9,293 shares of the company’s stock, valued at approximately $2,279,294.11. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael J. Watson sold 17,251 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $241.81, for a total transaction of $4,171,464.31. Following the transaction, the vice president directly owned 44,146 shares in the company, valued at approximately $10,674,944.26. The trade was a 28.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 98,042 shares of company stock valued at $23,039,777 over the last ninety days. Insiders own 0.18% of the company’s stock.

Waste Management Company 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.