Waste Management, Inc. $WM Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA cut its position in Waste Management, Inc. (NYSE:WM) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,173 shares of the business services provider’s stock after selling 2,235 shares during the period. Waste Management accounts for 1.9% of Baldwin Wealth Partners LLC MA’s investment portfolio, making the stock its 15th largest holding. Baldwin Wealth Partners LLC MA’s holdings in Waste Management were worth $29,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cornercap Investment Counsel Inc. acquired a new position in Waste Management during the third quarter worth about $1,583,000. Lockheed Martin Investment Management Co. acquired a new stake in shares of Waste Management during the 3rd quarter worth about $3,092,000. Guerra Advisors Inc grew its stake in Waste Management by 59.5% in the 3rd quarter. Guerra Advisors Inc now owns 9,037 shares of the business services provider’s stock worth $1,996,000 after acquiring an additional 3,371 shares during the period. Compass Wealth Management LLC increased its stake in Waste Management by 537.0% in the third quarter. Compass Wealth Management LLC now owns 95,721 shares of the business services provider’s stock valued at $21,138,000 after purchasing an additional 80,695 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Waste Management by 19.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,287 shares of the business services provider’s stock worth $15,301,000 after acquiring an additional 11,135 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of Waste Management stock opened at $231.18 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $93.24 billion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 2.47 and a beta of 0.57. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a 50-day simple moving average of $231.38 and a two-hundred day simple moving average of $220.69.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 earnings per share. Analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a $0.945 dividend. The ex-dividend date is Friday, March 13th. This is an increase from Waste Management’s previous quarterly dividend of $0.83. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is 56.42%.

Insiders Place Their Bets

In related news, VP Donald J. Smith sold 12,194 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $233.48, for a total transaction of $2,847,055.12. Following the sale, the vice president owned 6,024 shares in the company, valued at approximately $1,406,483.52. This trade represents a 66.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Rafael Carrasco sold 7,352 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $234.50, for a total transaction of $1,724,044.00. Following the transaction, the senior vice president owned 15,540 shares of the company’s stock, valued at approximately $3,644,130. This represents a 32.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 98,042 shares of company stock valued at $23,039,777 over the last 90 days. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WM has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of Waste Management from $250.00 to $273.00 and gave the stock an “overweight” rating in a research report on Wednesday. DZ Bank assumed coverage on Waste Management in a research note on Tuesday, November 25th. They set a “buy” rating and a $250.00 target price on the stock. Oppenheimer boosted their price target on shares of Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Scotiabank reaffirmed a “sector perform” rating and set a $250.00 price objective (down from $254.00) on shares of Waste Management in a research note on Wednesday, January 21st. Finally, UBS Group raised shares of Waste Management from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $225.00 to $260.00 in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $254.59.

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.