American Institute for Advanced Investment Management LLP Has $396,000 Stake in Waste Management, Inc. (NYSE:WM)

American Institute for Advanced Investment Management LLP reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,960 shares of the business services provider’s stock after selling 180 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in Waste Management were worth $396,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Activest Wealth Management increased its holdings in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Global Wealth Strategies & Associates grew its position in Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. General Partner Inc. acquired a new position in shares of Waste Management during the 4th quarter worth $29,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Waste Management in the 4th quarter valued at $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Waste Management in the second quarter worth $36,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WM shares. BMO Capital Markets boosted their price target 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. Oppenheimer boosted their price objective on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Jefferies Financial Group decreased their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Morgan Stanley increased their target price on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Scotiabank raised Waste Management from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $225.00 to $250.00 in a report on Monday. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.39.

Waste Management Price Performance

WM opened at $209.93 on Thursday. Waste Management, Inc. has a 12 month low of $184.72 and a 12 month high of $230.39. 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 stock has a market cap of $84.26 billion, a P/E ratio of 32.10, a P/E/G ratio of 2.17 and a beta of 0.77. The company has a fifty day simple moving average of $212.43 and a 200 day simple moving average of $211.29.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.63 earnings per share. On average, research analysts expect that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is 45.87%.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Waste Management Company 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.