Yousif Capital Management LLC Sells 1,421 Shares of Waste Management, Inc. (NYSE:WM)

Yousif Capital Management LLC reduced its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,321 shares of the business services provider’s stock after selling 1,421 shares during the period. Yousif Capital Management LLC’s holdings in Waste Management were worth $10,961,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Aberdeen Wealth Management LLC lifted its holdings in shares of Waste Management by 1.1% during the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 45 shares during the period. Signature Estate & Investment Advisors LLC lifted its holdings in Waste Management by 3.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 46 shares during the last quarter. Benchmark Financial Wealth Advisors LLC boosted its position in Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after buying an additional 49 shares in the last quarter. Balboa Wealth Partners grew its stake in Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock worth $256,000 after buying an additional 49 shares during the last quarter. Finally, CRA Financial Services LLC raised its stake in shares of Waste Management by 4.7% in the third quarter. CRA Financial Services LLC now owns 1,116 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WM. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Scotiabank raised their target price on Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research note on Monday. Truist Financial increased their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Oppenheimer boosted their target price on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Raymond James increased their price target on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $234.50.

Waste Management Stock Up 1.1 %

NYSE:WM opened at $224.67 on Thursday. Waste Management, Inc. has a 1 year low of $187.48 and a 1 year high of $230.39. The stock has a 50-day moving average price of $212.05 and a two-hundred day moving average price of $211.24. The stock has a market cap of $90.18 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.57 and a beta of 0.78. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, equities analysts expect that Waste Management, Inc. will post 7.92 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is currently 44.12%.

Insider Transactions at Waste Management

In related news, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, VP Donald J. Smith sold 191 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the transaction, the vice president now owns 6,129 shares of the company’s stock, valued at approximately $1,349,728.38. This represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,055 shares of company stock valued at $2,674,780 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

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.