NBW Capital LLC Sells 202 Shares of Waste Management, Inc. (NYSE:WM)

NBW Capital LLC lessened its position in shares of Waste Management, Inc. (NYSE:WM) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 22,803 shares of the business services provider’s stock after selling 202 shares during the period. NBW Capital LLC’s holdings in Waste Management were worth $4,084,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in Waste Management by 534.5% during the 1st quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock valued at $530,000 after purchasing an additional 2,817 shares in the last quarter. Blair William & Co. IL increased its stake in Waste Management by 0.7% during the 1st quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock valued at $8,411,000 after purchasing an additional 370 shares in the last quarter. Baird Financial Group Inc. increased its stake in Waste Management by 0.6% during the 1st quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock valued at $56,842,000 after purchasing an additional 2,309 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Waste Management by 83.8% in the 1st quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 310 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Waste Management by 44.8% in the 1st quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock valued at $5,234,000 after acquiring an additional 10,212 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $184.50, for a total transaction of $461,250.00. Following the completion of the sale, the executive vice president now directly owns 32,959 shares in the company, valued at $6,080,935.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP John J. Morris sold 8,889 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $207.46, for a total value of $1,844,111.94. Following the completion of the transaction, the executive vice president now owns 95,461 shares of the company’s stock, valued at $19,804,339.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $184.50, for a total transaction of $461,250.00. Following the completion of the transaction, the executive vice president now owns 32,959 shares of the company’s stock, valued at approximately $6,080,935.50. The disclosure for this sale can be found here. Insiders sold a total of 20,507 shares of company stock worth $4,157,770 over the last three months. Insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.6 %

Waste Management stock traded down $1.28 during midday trading on Thursday, hitting $204.87. 440,456 shares of the stock were exchanged, compared to its average volume of 1,664,042. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The stock has a market capitalization of $82.21 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 3.11 and a beta of 0.72. The stock’s 50-day simple moving average is $206.63 and its 200 day simple moving average is $184.43. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 2.30.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.21. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the business earned $1.30 earnings per share. On average, equities analysts anticipate that Waste Management, Inc. will post 6.88 EPS for the current year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, March 14th. This is a boost from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.46%. Waste Management’s dividend payout ratio (DPR) is currently 53.00%.

Analysts Set New Price Targets

Several analysts have recently commented on WM shares. Truist Financial upped their price objective on shares of Waste Management from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $165.00 to $197.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Citigroup increased their price target on shares of Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Jefferies Financial Group increased their price target on shares of Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $204.85.

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.