Ifrah Financial Services Inc. Sells 114 Shares of Waste Management, Inc. (NYSE:WM)

Ifrah Financial Services Inc. lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,575 shares of the business services provider’s stock after selling 114 shares during the period. Ifrah Financial Services Inc.’s holdings in Waste Management were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Morgan Stanley grew its position in Waste Management by 0.7% during the third quarter. Morgan Stanley now owns 6,963,527 shares of the business services provider’s stock worth $1,061,521,000 after buying an additional 46,084 shares in the last quarter. Nordea Investment Management AB grew its position in Waste Management by 16.9% during the third quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider’s stock worth $827,815,000 after buying an additional 776,491 shares in the last quarter. Ameriprise Financial Inc. grew its position in Waste Management by 1.3% during the third quarter. Ameriprise Financial Inc. now owns 5,213,330 shares of the business services provider’s stock worth $794,174,000 after buying an additional 66,816 shares in the last quarter. Northern Trust Corp grew its position in Waste Management by 2.3% during the third quarter. Northern Trust Corp now owns 4,065,843 shares of the business services provider’s stock worth $619,797,000 after buying an additional 90,129 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Waste Management by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 2,446,103 shares of the business services provider’s stock valued at $372,886,000 after purchasing an additional 9,001 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In related news, CFO Devina A. Rankin sold 775 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $198.58, for a total value of $153,899.50. Following the completion of the sale, the chief financial officer now directly owns 75,204 shares of the company’s stock, valued at approximately $14,934,010.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the transaction, the executive vice president now owns 29,677 shares in the company, valued at approximately $6,217,331.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Devina A. Rankin sold 775 shares of Waste Management stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $198.58, for a total value of $153,899.50. Following the transaction, the chief financial officer now owns 75,204 shares of the company’s stock, valued at approximately $14,934,010.32. The disclosure for this sale can be found here. Insiders sold 18,007 shares of company stock valued at $3,696,520 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of research analyst reports. UBS Group downgraded Waste Management from a “buy” rating to a “neutral” rating and raised their target price for the company from $190.00 to $205.00 in a report on Wednesday, February 14th. HSBC downgraded Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price on the stock. in a report on Thursday, February 15th. TD Cowen raised their target price on Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a report on Monday, April 29th. Raymond James raised their price objective on Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Citigroup raised their price objective on Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average target price of $216.24.

Waste Management Trading Up 0.3 %

Shares of WM stock traded up $0.72 during mid-day trading on Friday, hitting $207.88. The company’s stock had a trading volume of 2,237,956 shares, compared to its average volume of 1,702,229. The company’s fifty day simple moving average is $208.92 and its 200-day simple moving average is $188.64. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $214.54. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market cap of $83.38 billion, a PE ratio of 34.02, a P/E/G ratio of 2.70 and a beta of 0.72.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the company posted $1.31 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that Waste Management, Inc. will post 7.26 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. Waste Management’s payout ratio is presently 49.10%.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.