Keel Point LLC Sells 187 Shares of Waste Management, Inc. (NYSE:WM)

Keel Point LLC trimmed its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,894 shares of the business services provider’s stock after selling 187 shares during the quarter. Keel Point LLC’s holdings in Waste Management were worth $584,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WM. T. Rowe Price Investment Management Inc. increased its position in shares of Waste Management by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock valued at $781,000 after acquiring an additional 44 shares during the last quarter. Checchi Capital Advisers LLC grew its stake 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 purchasing an additional 45 shares during the period. Covestor Ltd increased its position in shares of Waste Management by 8.2% during the 4th quarter. Covestor Ltd now owns 609 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 46 shares during the last quarter. Catalyst Financial Partners LLC raised its stake 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 purchasing an additional 48 shares during the period. Finally, Maia Wealth LLC boosted its holdings in shares of Waste Management by 4.1% in the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider’s stock worth $259,000 after buying an additional 48 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Insider Transactions at Waste Management

In related news, SVP Tara J. Hemmer sold 4,576 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James C. Fish, Jr. sold 44,405 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $228.43, for a total value of $10,143,434.15. Following the completion of the sale, the chief executive officer now directly owns 211,061 shares of the company’s stock, valued at approximately $48,212,664.23. This represents a 17.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,924 shares of company stock valued at $21,298,176. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of several research reports. CIBC lifted their price objective on shares of Waste Management from $227.00 to $247.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Tuesday. Royal Bank of Canada increased their price objective on Waste Management from $227.00 to $229.00 and gave the company a “sector perform” rating in a report on Wednesday. Morgan Stanley upped their price target on Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, UBS Group lifted their price objective on Waste Management from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $243.29.

Waste Management Trading Up 0.1 %

Shares of WM stock opened at $233.60 on Friday. The company has a market capitalization of $93.98 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. Waste Management, Inc. has a 52-week low of $196.59 and a 52-week high of $239.32. The business’s fifty day moving average is $228.14 and its 200 day moving average is $220.20. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.08. The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.14 billion. Waste Management had a return on equity of 37.93% and a net margin of 12.45%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the company posted $1.75 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.825 per share. The ex-dividend date was Friday, March 14th. This represents a $3.30 annualized dividend and a dividend yield of 1.41%. This is a boost from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio (DPR) is 49.77%.

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.