Waste Management, Inc. (NYSE:WM) Stock Holdings Reduced by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its position in shares of Waste Management, Inc. (NYSE:WM) by 35.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500 shares of the business services provider’s stock after selling 269 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Waste Management were worth $90,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in WM. Gilfoyle & Co LLC acquired a new stake in shares of Waste Management in the fourth quarter worth about $30,000. Millburn Ridgefield Corp bought a new stake in Waste Management during the third quarter worth approximately $35,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Waste Management in the fourth quarter valued at approximately $36,000. Rational Advisors LLC acquired a new stake in shares of Waste Management in the third quarter worth $41,000. Finally, Annapolis Financial Services LLC grew its stake in Waste Management by 40.1% in the 3rd quarter. Annapolis Financial Services LLC now owns 325 shares of the business services provider’s stock valued at $50,000 after buying an additional 93 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In related news, EVP Charles C. Boettcher sold 3,275 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $199.49, for a total value of $653,329.75. Following the transaction, the executive vice president now owns 36,403 shares in the company, valued at $7,262,034.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Charles C. Boettcher sold 3,275 shares of Waste Management stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $199.49, for a total value of $653,329.75. Following the transaction, the executive vice president now directly owns 36,403 shares of the company’s stock, valued at $7,262,034.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles C. Boettcher sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the sale, the executive vice president now directly owns 29,677 shares in the company, valued at approximately $6,217,331.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,007 shares of company stock worth $3,696,520. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WM shares. Jefferies Financial Group raised their price objective on shares of Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. BMO Capital Markets boosted their price target on Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Citigroup lifted their price objective on Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Stifel Nicolaus raised their target price on Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $216.24.

Waste Management Stock Up 0.5 %

WM opened at $211.49 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. The stock’s fifty day simple moving average is $209.30 and its 200 day simple moving average is $190.47. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The stock has a market cap of $84.83 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 2.76 and a beta of 0.72.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.23. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. As a group, research analysts expect that Waste Management, Inc. will post 7.26 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, March 14th. Waste Management’s payout ratio is presently 49.10%.

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.