Waste Management, Inc. (NYSE:WM) Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC lessened its position in shares of Waste Management, Inc. (NYSE:WM) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,160 shares of the business services provider’s stock after selling 835 shares during the quarter. Principle Wealth Partners LLC’s holdings in Waste Management were worth $4,875,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Waste Management by 0.8% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock valued at $56,135,000 after purchasing an additional 2,127 shares during the last quarter. Nordea Investment Management AB raised its holdings in Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after buying an additional 280,455 shares during the period. J.W. Cole Advisors Inc. lifted its position in Waste Management by 77.4% in the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after buying an additional 5,367 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Waste Management by 6.2% during the third quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after buying an additional 28,266 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Waste Management by 32.3% in the 4th quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider’s stock valued at $1,529,000 after acquiring an additional 1,798 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Johnson Varkey sold 560 shares of Waste Management stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total value of $123,261.60. Following the transaction, the senior vice president now directly owns 9,152 shares of the company’s stock, valued at $2,014,446.72. The trade was a 5.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles C. Boettcher sold 693 shares of the stock in a transaction 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 sale, the executive vice president now owns 45,542 shares of the company’s stock, valued at approximately $10,046,109.78. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock worth $3,578,340 in the last ninety days. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Up 0.5 %

Shares of NYSE WM opened at $225.95 on Tuesday. The business has a 50-day moving average of $211.84 and a two-hundred day moving average of $211.35. The company has a market capitalization of $90.69 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78. Waste Management, Inc. has a 1 year low of $187.48 and a 1 year high of $230.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last posted its 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 38.88% and a net margin of 12.45%. On average, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is 44.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Argus raised their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer boosted their price objective on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Truist Financial raised their target price on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Ten 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 currently has a consensus rating of “Moderate Buy” and an average price target of $234.50.

About Waste Management

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.