Raab & Moskowitz Asset Management LLC Decreases Stake in Waste Management, Inc. (NYSE:WM)

Raab & Moskowitz Asset Management LLC decreased its position in Waste Management, Inc. (NYSE:WM) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,884 shares of the business services provider’s stock after selling 135 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Waste Management were worth $2,666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WM. abrdn plc increased its stake in shares of Waste Management by 315.7% during the 3rd quarter. abrdn plc now owns 1,457,393 shares of the business services provider’s stock worth $222,165,000 after purchasing an additional 1,106,773 shares during the last quarter. Mirova US LLC increased its stake in shares of Waste Management by 26,116.4% during the 4th quarter. Mirova US LLC now owns 913,904 shares of the business services provider’s stock worth $163,680,000 after purchasing an additional 910,418 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Waste Management by 16.9% during the 3rd quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider’s stock worth $827,815,000 after purchasing an additional 776,491 shares during the last quarter. OMERS ADMINISTRATION Corp increased its stake in shares of Waste Management by 128.2% during the 3rd quarter. OMERS ADMINISTRATION Corp now owns 898,796 shares of the business services provider’s stock worth $137,012,000 after purchasing an additional 504,924 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Waste Management by 13,927.7% during the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock worth $90,319,000 after purchasing an additional 500,701 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the subject of several research analyst reports. BMO Capital Markets raised their price target on shares of Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a research note on Friday. HSBC lowered shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price target for the company. in a research note on Thursday, February 15th. Raymond James raised their price objective on shares of Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley raised their price objective on shares of Waste Management from $202.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Oppenheimer raised their price objective on shares of Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $214.21.

Insider Transactions at Waste Management

In other news, EVP John J. Morris sold 8,889 shares of Waste Management stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $207.46, for a total transaction of $1,844,111.94. Following the completion of the sale, the executive vice president now directly owns 95,461 shares of the company’s stock, valued at approximately $19,804,339.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Tara J. Hemmer sold 1,782 shares of Waste Management stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total value of $363,937.86. Following the transaction, the senior vice president now owns 55,591 shares in the company, valued at approximately $11,353,349.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John J. Morris sold 8,889 shares of Waste Management stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $207.46, for a total transaction of $1,844,111.94. Following the completion of the transaction, the executive vice president now owns 95,461 shares in the company, valued at approximately $19,804,339.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,007 shares of company stock valued at $3,696,520. Insiders own 0.18% of the company’s stock.

Waste Management Stock Down 1.2 %

Shares of NYSE:WM opened at $210.10 on Friday. The firm has a fifty day moving average price of $208.54 and a two-hundred day moving average price of $187.08. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.86. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54. The company has a market cap of $84.31 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.19 and a beta of 0.72.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period last year, the firm earned $1.31 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that Waste Management, Inc. will post 7.09 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.43%. This is an increase from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

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.