Waste Management, Inc. (NYSE:WM) Stock Holdings Reduced by Nvwm LLC

Nvwm LLC trimmed its position in shares of Waste Management, Inc. (NYSE:WM) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,439 shares of the business services provider’s stock after selling 169 shares during the quarter. Nvwm LLC’s holdings in Waste Management were worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Waste Management by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock valued at $1,686,203,000 after purchasing an additional 168,818 shares during the last quarter. Parnassus Investments LLC increased its position in Waste Management by 11.3% in the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after buying an additional 520,096 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Waste Management by 7.1% during the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after buying an additional 280,455 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Waste Management by 94,414.4% in the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after acquiring an additional 2,588,842 shares during the last quarter. Finally, Barclays PLC increased its position in Waste Management by 12.8% during the third quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock worth $505,175,000 after acquiring an additional 276,287 shares during the period. Institutional investors own 80.40% of the company’s stock.

Insider Activity

In other news, VP Donald J. Smith sold 191 shares of Waste Management stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.22, for a total value of $42,062.02. Following the completion of the transaction, the vice president now owns 6,129 shares of the company’s stock, valued at $1,349,728.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tara J. Hemmer sold 4,576 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the completion of the sale, the senior vice president now owns 58,765 shares in the company, valued at $13,052,881.80. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,055 shares of company stock worth $2,674,780 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on WM shares. Jefferies Financial Group lowered their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Argus increased their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Truist Financial lifted their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their target price on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.50.

Waste Management Stock Down 0.6 %

Shares of NYSE:WM opened at $222.33 on Wednesday. The company has a 50 day moving average price of $212.05 and a two-hundred day moving average price of $211.24. The company has a market capitalization of $89.23 billion, a PE ratio of 32.70, a PEG ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a 52 week low of $187.20 and a 52 week high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Analysts forecast that Waste Management, Inc. will post 7.92 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. Waste Management’s payout ratio is 44.12%.

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.