Trifecta Capital Advisors LLC Cuts Stake in Waste Management, Inc. (NYSE:WM)

Trifecta Capital Advisors LLC lowered its stake in Waste Management, Inc. (NYSE:WM) by 45.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 518 shares of the business services provider’s stock after selling 428 shares during the period. Trifecta Capital Advisors LLC’s holdings in Waste Management were worth $110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sachetta LLC bought a new stake in shares of Waste Management in the 4th quarter worth approximately $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of Waste Management in the 1st quarter worth about $35,000. Gilfoyle & Co LLC purchased a new position in shares of Waste Management during the fourth quarter valued at about $30,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in Waste Management in the fourth quarter worth about $36,000. Finally, DSM Capital Partners LLC bought a new position in shares of Waste Management in the 4th quarter worth approximately $38,000. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. TD Cowen increased their target price on Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. CIBC increased their price objective on Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. BMO Capital Markets raised their price target on shares of Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Morgan Stanley boosted their price objective on shares of Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, Stifel Nicolaus raised their target price on shares of Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.61.

Insider Buying and Selling at Waste Management

In related news, VP Michael J. Watson sold 4,208 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Up 0.3 %

NYSE WM traded up $0.67 on Friday, reaching $213.34. 2,908,229 shares of the stock traded hands, compared to its average volume of 1,972,412. Waste Management, Inc. has a 12 month low of $149.71 and a 12 month high of $214.54. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. The company has a fifty day moving average price of $208.06 and a 200-day moving average price of $199.69. The company has a market cap of $85.57 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.47 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Waste Management’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.75 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. Waste Management’s dividend payout ratio (DPR) is 49.10%.

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.