Waste Management, Inc. $WM Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its holdings in Waste Management, Inc. (NYSE:WM) by 36.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,816 shares of the business services provider’s stock after selling 38,514 shares during the quarter. Dakota Wealth Management’s holdings in Waste Management were worth $14,534,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of WM. Norges Bank bought a new stake in shares of Waste Management in the second quarter worth $1,064,206,000. Vontobel Holding Ltd. increased its position in shares of Waste Management by 444.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 2,206,026 shares of the business services provider’s stock worth $487,157,000 after purchasing an additional 1,800,728 shares during the last quarter. Sustainable Growth Advisers LP raised its stake in shares of Waste Management by 55.5% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,897,636 shares of the business services provider’s stock valued at $663,037,000 after purchasing an additional 1,034,258 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Waste Management by 982.3% during the third quarter. Assenagon Asset Management S.A. now owns 886,164 shares of the business services provider’s stock worth $195,692,000 after purchasing an additional 804,285 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Waste Management by 2.1% in the third quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock valued at $8,487,924,000 after buying an additional 774,255 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO John A. Carroll sold 1,021 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $234.71, for a total value of $239,638.91. Following the completion of the transaction, the chief accounting officer owned 8,309 shares of the company’s stock, valued at approximately $1,950,205.39. This represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Tara J. Hemmer sold 690 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $219.71, for a total transaction of $151,599.90. Following the completion of the sale, the senior vice president directly owned 83,736 shares of the company’s stock, valued at $18,397,636.56. The trade was a 0.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 62,746 shares of company stock valued at $14,470,494. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the subject of several research reports. Sanford C. Bernstein lifted their target price on Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Oppenheimer lifted their price objective on shares of Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Scotiabank reissued a “sector perform” rating and set a $250.00 target price (down from $254.00) on shares of Waste Management in a report on Wednesday, January 21st. DZ Bank started coverage on shares of Waste Management in a research report on Tuesday, November 25th. They set a “buy” rating and a $250.00 price objective for the company. Finally, Weiss Ratings raised shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average price target of $253.55.

Waste Management Trading Down 0.0%

Shares of NYSE:WM opened at $230.28 on Tuesday. 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 company’s 50-day moving average price is $224.40 and its 200 day moving average price is $219.27. The company has a market cap of $92.88 billion, a PE ratio of 34.37, a P/E/G ratio of 2.44 and a beta of 0.58. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 10.74% and a return on equity of 32.45%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $1.70 EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

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.