Schnieders Capital Management LLC Has $6.26 Million Holdings in Waste Management, Inc. (NYSE:WM)

Schnieders Capital Management LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 31,044 shares of the business services provider’s stock after selling 846 shares during the period. Waste Management comprises approximately 1.2% of Schnieders Capital Management LLC’s portfolio, making the stock its 20th largest holding. Schnieders Capital Management LLC’s holdings in Waste Management were worth $6,264,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WM. Aberdeen Wealth Management LLC raised its position in shares of Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after acquiring an additional 45 shares in the last quarter. Checchi Capital Advisers LLC increased its holdings in Waste Management by 0.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock worth $1,366,000 after purchasing an additional 45 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in Waste Management by 3.9% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after buying an additional 46 shares during the period. Catalyst Financial Partners LLC boosted its holdings in shares of Waste Management by 2.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock worth $411,000 after buying an additional 48 shares in the last quarter. Finally, Benchmark Financial Wealth Advisors LLC grew its position in shares of Waste Management by 1.9% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after buying an additional 49 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

Waste Management stock opened at $228.64 on Thursday. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $232.44. The stock has a market cap of $91.94 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 2.71 and a beta of 0.78. The stock’s 50 day simple moving average is $214.69 and its two-hundred day simple moving average is $213.58. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. As a group, analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, March 14th. This is a boost from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is 48.53%.

Analyst Ratings Changes

Several research analysts recently issued reports on WM shares. Raymond James increased their target price on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Truist Financial lifted their price target on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group reduced their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus raised their target price on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.94.

Insider Activity

In related news, CEO James C. Fish, Jr. sold 44,405 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the completion of the transaction, the chief executive officer now owns 211,061 shares of the company’s stock, valued at $48,212,664.23. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles C. Boettcher sold 693 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the sale, the executive vice president now directly owns 45,542 shares in the company, valued at $10,046,109.78. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,192 shares of company stock worth $15,025,861. Insiders own 0.18% of the company’s stock.

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.