Waste Management, Inc. (NYSE:WM) Shares Sold by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,298 shares of the business services provider’s stock after selling 249 shares during the period. Waste Management accounts for about 1.3% of TCV Trust & Wealth Management Inc.’s holdings, making the stock its 26th biggest position. TCV Trust & Wealth Management Inc.’s holdings in Waste Management were worth $13,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Waste Management by 0.8% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after buying an additional 2,127 shares in the last quarter. Nordea Investment Management AB boosted its position in 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 acquiring an additional 280,455 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in Waste Management by 77.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after acquiring an additional 5,367 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Waste Management by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after purchasing an additional 28,266 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Waste Management by 32.3% during the fourth quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider’s stock worth $1,529,000 after purchasing an additional 1,798 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Activity

In other Waste Management news, SVP Johnson Varkey sold 560 shares of Waste Management stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the transaction, the senior vice president now owns 9,152 shares of the company’s stock, valued at $2,014,446.72. The trade was a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Rafael Carrasco sold 4,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $225.89, for a total transaction of $903,560.00. Following the sale, the senior vice president now owns 18,531 shares in the company, valued at approximately $4,185,967.59. This trade represents a 17.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WM. JPMorgan Chase & Co. increased their target price on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Argus increased their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup upped their price target on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Raymond James lifted their price target on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Oppenheimer boosted their price objective on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Ten 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Waste Management Trading Up 0.3 %

WM opened at $226.78 on Wednesday. The firm has a market capitalization of $91.02 billion, a P/E ratio of 33.35, a P/E/G ratio of 2.70 and a beta of 0.78. The firm’s 50 day moving average is $211.85 and its 200-day moving average is $211.53. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 52-week low of $187.48 and a 52-week high of $230.39.

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 analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.32%. Waste Management’s dividend payout ratio is presently 44.12%.

About Waste Management

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.