Waste Management, Inc. (NYSE:WM) Shares Sold by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 21.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 190 shares of the business services provider’s stock after selling 52 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Waste Management were worth $38,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mengis Capital Management Inc. increased its position in Waste Management by 13.0% in the 4th quarter. Mengis Capital Management Inc. now owns 6,558 shares of the business services provider’s stock valued at $1,323,000 after acquiring an additional 755 shares during the period. Prasad Wealth Partners LLC purchased a new position in shares of Waste Management in the 4th quarter valued at approximately $336,000. Rothschild Investment LLC raised its stake in shares of Waste Management by 0.9% during the fourth quarter. Rothschild Investment LLC now owns 10,815 shares of the business services provider’s stock worth $2,182,000 after purchasing an additional 100 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Waste Management by 16.6% during the fourth quarter. IFP Advisors Inc now owns 9,542 shares of the business services provider’s stock worth $1,925,000 after purchasing an additional 1,360 shares during the period. Finally, Asset Advisors Investment Management LLC grew its position in Waste Management by 0.9% in the 4th quarter. Asset Advisors Investment Management LLC now owns 33,001 shares of the business services provider’s stock valued at $6,659,000 after buying an additional 285 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Waste Management

In other news, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the sale, the chief accounting officer now owns 9,066 shares in the company, valued at $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the sale, the executive vice president now directly owns 45,542 shares of the company’s stock, valued at approximately $10,046,109.78. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,460 shares of company stock valued at $13,721,774. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WM. Stifel Nicolaus raised their target price on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Scotiabank raised their price objective on shares of Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. BMO Capital Markets boosted their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Argus upped their price objective on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $235.94.

Waste Management Trading Up 0.7 %

Shares of Waste Management stock opened at $229.70 on Tuesday. The business has a 50 day moving average price of $213.79 and a 200 day moving average price of $213.29. The company has a market capitalization of $92.36 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.71 and a beta of 0.78. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $230.63.

Waste Management (NYSE:WM) last posted 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 net margin of 12.45% and a return on equity of 37.93%. Sell-side analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s payout ratio is currently 44.12%.

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.