Corient Private Wealth LLC Cuts Stake in Waste Management, Inc. (NYSE:WM)

Corient Private Wealth LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,218 shares of the business services provider’s stock after selling 15,510 shares during the period. Corient Private Wealth LLC owned approximately 0.12% of Waste Management worth $95,492,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WM. Aberdeen Wealth Management LLC boosted its stake in Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 45 shares during the period. Checchi Capital Advisers LLC increased its holdings in Waste Management by 0.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock valued at $1,366,000 after buying an additional 45 shares during the period. Signature Estate & Investment Advisors LLC raised its position in Waste Management by 3.9% during the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 46 shares in the last quarter. Catalyst Financial Partners LLC lifted its position in shares of Waste Management by 2.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock worth $411,000 after buying an additional 48 shares during the last quarter. Finally, Maia Wealth LLC grew its holdings in shares of Waste Management by 4.1% during the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 48 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Performance

Shares of NYSE WM opened at $225.06 on Monday. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The firm has a fifty day moving average price of $220.52 and a 200-day moving average price of $215.35. The stock has a market cap of $90.50 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $235.81.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share 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 37.93%. Equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.825 per share. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, March 14th. Waste Management’s dividend payout ratio (DPR) is currently 48.53%.

Insider Transactions at Waste Management

In other Waste Management news, EVP John J. Morris sold 19,153 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the completion of the sale, the executive vice president now directly owns 85,257 shares of the company’s stock, valued at approximately $19,158,100.47. This represents a 18.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO John A. Carroll sold 1,251 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $225.92, for a total value of $282,625.92. Following the completion of the sale, the chief accounting officer now directly owns 8,420 shares of the company’s stock, valued at $1,902,246.40. The trade was a 12.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,577 shares of company stock worth $21,662,464. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Stifel Nicolaus lifted their target price on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Citigroup lifted their price target on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. William Blair reissued an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Finally, Scotiabank upped their target price on Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $236.65.

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.