Waste Management, Inc. (NYSE:WM) Holdings Lessened by Lakeside Advisors INC.

Lakeside Advisors INC. lowered its stake in shares of Waste Management, Inc. (NYSE:WMFree Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,882 shares of the business services provider’s stock after selling 299 shares during the period. Waste Management makes up approximately 2.7% of Lakeside Advisors INC.’s investment portfolio, making the stock its 8th largest position. Lakeside Advisors INC.’s holdings in Waste Management were worth $4,012,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mattern Capital Management LLC boosted its holdings in Waste Management by 10.4% during the 4th quarter. Mattern Capital Management LLC now owns 2,720 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 256 shares during the period. Forte Capital LLC ADV lifted its position in shares of Waste Management by 19.4% during the fourth quarter. Forte Capital LLC ADV now owns 18,094 shares of the business services provider’s stock worth $3,651,000 after purchasing an additional 2,938 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Waste Management by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 20,246 shares of the business services provider’s stock valued at $4,085,000 after purchasing an additional 265 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of Waste Management by 9.1% in the fourth quarter. Handelsbanken Fonder AB now owns 199,331 shares of the business services provider’s stock valued at $40,223,000 after purchasing an additional 16,628 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in Waste Management by 3.9% during the 4th quarter. Ieq Capital LLC now owns 23,620 shares of the business services provider’s stock worth $4,766,000 after buying an additional 884 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insiders Place Their Bets

In other Waste Management news, EVP Charles C. Boettcher sold 693 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.59, for a total transaction 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 trade represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO John A. Carroll sold 209 shares of the business’s stock in a transaction that occurred 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 directly owns 9,066 shares in the company, valued at approximately $1,999,506.30. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,055 shares of company stock valued at $3,578,340. Insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $229.07 on Friday. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The firm has a market cap of $91.94 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.71 and a beta of 0.78. The stock’s 50-day moving average is $213.14 and its two-hundred day moving average is $212.81.

Waste Management (NYSE:WMGet Free Report) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, March 14th. This represents a $3.30 dividend on an annualized basis and a yield of 1.44%. This is a boost from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is currently 44.12%.

Analyst Ratings Changes

Several equities analysts have commented on WM shares. Citigroup raised their price target on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Oppenheimer boosted their target price on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. UBS Group increased their price target on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Scotiabank boosted their price objective 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. Finally, Truist Financial raised their target price on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Nine investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $235.94.

Check Out Our Latest Stock Analysis on WM

Waste Management Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.