Ieq Capital LLC Has $4.77 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Ieq Capital LLC raised its position in Waste Management, Inc. (NYSE:WM) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,620 shares of the business services provider’s stock after acquiring an additional 884 shares during the period. Ieq Capital LLC’s holdings in Waste Management were worth $4,766,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Waste Management by 0.8% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after buying an additional 2,127 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after buying an additional 280,455 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Waste Management by 77.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after buying an additional 5,367 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Waste Management by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after buying an additional 28,266 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Waste Management by 32.3% during the 4th quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider’s stock worth $1,529,000 after acquiring an additional 1,798 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling

In related news, VP Donald J. Smith sold 191 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the sale, the vice president now owns 6,129 shares of the company’s stock, valued at approximately $1,349,728.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the sale, the senior vice president now directly owns 9,152 shares in the company, valued at $2,014,446.72. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,055 shares of company stock valued at $3,578,340. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WM shares. Stifel Nicolaus increased their price target on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Argus increased their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com lowered Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Truist Financial increased their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Scotiabank increased their price target on Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $235.94.

Waste Management Stock Performance

WM stock opened at $227.89 on Friday. The business’s fifty day moving average is $213.43 and its 200-day moving average is $213.00. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The company has a market cap of $91.47 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $230.39.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share 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 38.88%. Equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio (DPR) is presently 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.