Waste Management, Inc. (NYSE:WM) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,441 shares of the business services provider’s stock after selling 110 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Waste Management were worth $291,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WM. Swedbank AB increased its stake in shares of Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after acquiring an additional 709,678 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Waste Management by 31.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,893 shares of the business services provider’s stock worth $601,000 after acquiring an additional 697 shares during the last quarter. Courier Capital LLC acquired a new stake in shares of Waste Management in the 3rd quarter worth $244,000. McAdam LLC increased its stake in shares of Waste Management by 7.4% in the 3rd quarter. McAdam LLC now owns 1,418 shares of the business services provider’s stock worth $294,000 after acquiring an additional 98 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Waste Management by 43.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 18,323 shares of the business services provider’s stock worth $3,804,000 after acquiring an additional 5,580 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

Shares of WM opened at $227.89 on Friday. The stock has a 50-day simple moving average of $213.43 and a 200-day simple moving average of $213.00. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The stock has a market capitalization of $91.47 billion, a PE ratio of 33.51, a PEG ratio of 2.71 and a beta of 0.78. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $230.39.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. On average, analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.

Insider Activity

In other news, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the sale, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at approximately $1,999,506.30. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles C. Boettcher sold 693 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the sale, the executive vice president now directly owns 45,542 shares in the company, valued at $10,046,109.78. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Argus raised their target price on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada raised their target price on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price objective on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Stifel Nicolaus raised their price objective on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, UBS Group raised their price objective on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $235.94.

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.