International Assets Investment Management LLC Reduces Stock Position in Waste Management, Inc. (NYSE:WM)

International Assets Investment Management LLC decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 99.5% in the fourth quarter, HoldingsChannel reports. The firm owned 13,236 shares of the business services provider’s stock after selling 2,578,348 shares during the quarter. International Assets Investment Management LLC’s holdings in Waste Management were worth $2,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Activest Wealth Management increased its stake in shares of 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 during the period. Global Wealth Strategies & Associates grew its holdings in Waste Management by 892.9% during 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 during the period. General Partner Inc. purchased a new position in Waste Management during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC lifted its holdings in Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 0.7 %

NYSE:WM traded up $1.45 during trading hours on Wednesday, hitting $204.84. The company had a trading volume of 248,559 shares, compared to its average volume of 1,280,307. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 1 year low of $177.38 and a 1 year high of $230.39. The company has a 50-day moving average of $215.27 and a 200 day moving average of $211.45. The company has a market cap of $82.22 billion, a P/E ratio of 31.32, a P/E/G ratio of 2.36 and a beta of 0.77.

Waste Management (NYSE:WM) last posted its 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 for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 EPS. Sell-side analysts expect that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.46%. Waste Management’s dividend payout ratio is currently 45.87%.

Analyst Ratings Changes

Several equities analysts recently issued reports on WM shares. Oppenheimer boosted their target price on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Truist Financial increased their target price on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. William Blair assumed coverage on Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Scotiabank began coverage on Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. Finally, BMO Capital Markets boosted their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.72.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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.