SG Americas Securities LLC Sells 11,481 Shares of Waste Management, Inc. $WM

SG Americas Securities LLC cut its position in shares of Waste Management, Inc. (NYSE:WM) by 72.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,429 shares of the business services provider’s stock after selling 11,481 shares during the quarter. SG Americas Securities LLC’s holdings in Waste Management were worth $978,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Syntegra Private Wealth Group LLC boosted its position in shares of Waste Management by 2.0% during 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 in the last quarter. Harbour Trust & Investment Management Co grew its position in shares of 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 worth $943,000 after buying an additional 45 shares during the period. KWB Wealth increased its stake in shares of Waste Management by 1.3% in the 2nd quarter. KWB Wealth now owns 3,607 shares of the business services provider’s stock valued at $835,000 after acquiring an additional 47 shares in the last quarter. D.B. Root & Company LLC lifted its position in shares of Waste Management by 3.0% during the 2nd quarter. D.B. Root & Company LLC now owns 1,603 shares of the business services provider’s stock valued at $367,000 after acquiring an additional 47 shares during the period. Finally, InTrack Investment Management Inc grew its holdings in Waste Management by 0.8% in the second quarter. InTrack Investment Management Inc now owns 5,856 shares of the business services provider’s stock worth $1,340,000 after purchasing an additional 49 shares during the period. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $221.21 on Monday. The company has a fifty day moving average price of $215.74 and a 200-day moving average price of $219.16. The firm has a market cap of $89.12 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 2.48 and a beta of 0.59. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.80. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58.

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

Waste Management Announces Dividend

The firm 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is presently 51.97%.

Wall Street Analyst Weigh In

WM has been the topic of a number of research analyst reports. Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $238.00 to $242.00 in a research report on Tuesday, November 4th. Wells Fargo & Company started coverage on Waste Management in a research note on Friday, November 14th. They issued an “overweight” rating and a $238.00 price objective for the company. Morgan Stanley decreased their price objective on Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Stifel Nicolaus cut their target price on Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, Barclays lowered their price objective on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $250.45.

Waste Management 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.