Waste Management, Inc. (NYSE:WM) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC cut its holdings in Waste Management, Inc. (NYSE:WM) by 37.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,577 shares of the business services provider’s stock after selling 5,742 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Waste Management were worth $2,043,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WM. Gryphon Financial Partners LLC grew its position in shares of Waste Management by 83.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,770 shares of the business services provider’s stock valued at $838,000 after purchasing an additional 2,176 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Waste Management by 21.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 10,873 shares of the business services provider’s stock valued at $1,947,000 after buying an additional 1,904 shares during the period. Sachetta LLC purchased a new position in shares of Waste Management during the fourth quarter valued at approximately $27,000. D.A. Davidson & CO. lifted its stake in shares of Waste Management by 2.9% during the fourth quarter. D.A. Davidson & CO. now owns 72,168 shares of the business services provider’s stock valued at $12,925,000 after buying an additional 2,064 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of Waste Management by 14.5% during the fourth quarter. Corient Private Wealth LLC now owns 449,552 shares of the business services provider’s stock valued at $80,515,000 after buying an additional 57,046 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the transaction, the vice president now directly owns 44,144 shares of the company’s stock, valued at approximately $9,711,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

WM opened at $203.14 on Wednesday. The firm has a market cap of $81.48 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.33 and a beta of 0.74. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $225.00. The company has a fifty day simple moving average of $209.06 and a 200 day simple moving average of $208.78.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The company had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.51 EPS. Equities research analysts expect that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, September 13th. Waste Management’s dividend payout ratio is currently 49.10%.

Wall Street Analysts Forecast Growth

WM has been the topic of several recent analyst reports. Oppenheimer reduced their price objective on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. CIBC reduced their price objective on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 25th. Erste Group Bank reaffirmed a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Waste Management in a research note on Wednesday, May 22nd. They set a “buy” rating and a $241.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $215.83.

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.