Waste Management, Inc. (NYSE:WM) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lessened its holdings in Waste Management, Inc. (NYSE:WM) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,678 shares of the business services provider’s stock after selling 200 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Waste Management were worth $742,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WM. Nordea Investment Management AB grew its stake in Waste Management by 7.1% during the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after purchasing an additional 280,455 shares in the last quarter. Trium Capital LLP boosted its stake in shares of Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after buying an additional 3,029 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of Waste Management by 77.4% during the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after buying an additional 5,367 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of 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, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Waste Management by 417.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock worth $720,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Argus lifted their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Scotiabank initiated 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. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Finally, UBS Group raised their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten 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, the company has an average rating of “Moderate Buy” and an average target price of $230.72.

Waste Management Stock Up 1.4 %

WM opened at $206.28 on Thursday. Waste Management, Inc. has a 52 week low of $177.38 and a 52 week high of $230.39. The business has a 50 day moving average price of $215.09 and a two-hundred day moving average price of $211.42. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The company has a market cap of $82.79 billion, a PE ratio of 31.54, a P/E/G ratio of 2.36 and a beta of 0.77.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the prior year, the business earned $1.63 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Friday, December 6th. Waste Management’s payout ratio is 45.87%.

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.