Waste Management, Inc. $WM Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. trimmed its position in Waste Management, Inc. (NYSE:WM) by 55.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,005 shares of the business services provider’s stock after selling 3,692 shares during the period. Roman Butler Fullerton & Co.’s holdings in Waste Management were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Cornercap Investment Counsel Inc. purchased a new stake in shares of Waste Management during the 3rd quarter worth about $1,583,000. Guerra Advisors Inc boosted its position in Waste Management by 59.5% during the third quarter. Guerra Advisors Inc now owns 9,037 shares of the business services provider’s stock worth $1,996,000 after purchasing an additional 3,371 shares in the last quarter. Lockheed Martin Investment Management Co. acquired a new stake in Waste Management in the third quarter valued at approximately $3,092,000. Wealthfront Advisers LLC increased its position in shares of Waste Management by 3.1% in the second quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock valued at $13,064,000 after buying an additional 1,698 shares in the last quarter. Finally, GPM Growth Investors Inc. raised its stake in shares of Waste Management by 50.6% during the 2nd quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock worth $3,808,000 after buying an additional 5,588 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Tara J. Hemmer sold 690 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $219.71, for a total value of $151,599.90. Following the completion of the sale, the senior vice president owned 83,736 shares of the company’s stock, valued at $18,397,636.56. This represents a 0.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Donald J. Smith sold 690 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $219.59, for a total transaction of $151,517.10. Following the sale, the vice president owned 13,376 shares of the company’s stock, valued at $2,937,235.84. This represents a 4.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 6,806 shares of company stock worth $1,490,204. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $238.00 to $242.00 in a report on Tuesday, November 4th. Wells Fargo & Company boosted their target price on shares of Waste Management from $246.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Stifel Nicolaus raised their price target on shares of Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Citigroup lowered their price objective on Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, Truist Financial set a $260.00 target price on Waste Management in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Waste Management Stock Up 0.2%

WM stock opened at $226.99 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 2.22. The firm has a 50-day moving average of $220.19 and a two-hundred day moving average of $219.14. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58. The company has a market cap of $91.45 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.40 and a beta of 0.58.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter last year, the company earned $1.70 earnings per share. Waste Management’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is 49.25%.

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.