Baker Chad R Sells 6,000 Shares of Waste Management, Inc. $WM

Baker Chad R cut its position in Waste Management, Inc. (NYSE:WM) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,515 shares of the business services provider’s stock after selling 6,000 shares during the period. Waste Management accounts for approximately 3.0% of Baker Chad R’s investment portfolio, making the stock its 10th biggest holding. Baker Chad R’s holdings in Waste Management were worth $17,559,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. McAdam LLC grew its stake in Waste Management by 3.1% in the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after acquiring an additional 44 shares during the period. Syntegra Private Wealth Group LLC grew its position in Waste Management by 2.0% in the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock valued at $524,000 after purchasing an additional 44 shares during the period. Harbour Trust & Investment Management Co increased its stake in Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after purchasing an additional 45 shares in the last quarter. KWB Wealth raised its holdings in Waste Management by 1.3% during the second quarter. KWB Wealth now owns 3,607 shares of the business services provider’s stock worth $835,000 after buying an additional 47 shares during the last quarter. Finally, D.B. Root & Company LLC lifted its stake in shares of Waste Management by 3.0% in the second quarter. D.B. Root & Company LLC now owns 1,603 shares of the business services provider’s stock valued at $367,000 after buying an additional 47 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

WM stock opened at $221.03 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The firm has a market cap of $89.05 billion, a PE ratio of 34.81, a P/E/G ratio of 2.73 and a beta of 0.58. The business has a 50 day moving average of $211.78 and a 200-day moving average of $220.64. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.825 per share. The ex-dividend date was Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio is presently 51.97%.

Analyst Ratings Changes

WM has been the subject of several recent research reports. Stifel Nicolaus decreased their target price on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Robert W. Baird raised Waste Management from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $238.00 to $242.00 in a report on Tuesday, November 4th. Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Barclays cut their target price on Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Finally, Cowen reissued a “buy” rating on shares of Waste Management in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $248.95.

Insider Transactions at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the sale, the senior vice president owned 15,540 shares of the company’s stock, valued at approximately $3,373,112.40. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.