Schulhoff & Co. Inc. Sells 46 Shares of Waste Management, Inc. (NYSE:WM)

Schulhoff & Co. Inc. reduced its holdings in Waste Management, Inc. (NYSE:WM) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,685 shares of the business services provider’s stock after selling 46 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Waste Management were worth $1,955,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WM. Activest Wealth Management grew its position 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 acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. General Partner Inc. purchased a new position in shares of Waste Management during the 4th quarter valued at about $29,000. Sugar Maple Asset Management LLC bought a new stake in Waste Management in the 4th quarter worth approximately $35,000. Finally, Pineridge Advisors LLC purchased a new stake in Waste Management in the fourth quarter worth approximately $35,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of WM opened at $229.73 on Friday. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $232.44. The company has a market capitalization of $92.38 billion, a P/E ratio of 33.78, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. The firm has a 50 day moving average of $215.17 and a 200 day moving average of $213.69. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73.

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 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, equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

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

Insider Activity at Waste Management

In other Waste Management news, VP Donald J. Smith sold 191 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.22, for a total value of $42,062.02. Following the transaction, the vice president now directly owns 6,129 shares in the company, valued at approximately $1,349,728.38. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at approximately $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,192 shares of company stock worth $15,025,861 over the last quarter. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Raymond James upped their price target on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Citigroup lifted their price objective on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. StockNews.com cut Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, CIBC lifted their price target on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.94.

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.