LGT Group Foundation Sells 302 Shares of Waste Management, Inc. (NYSE:WM)

LGT Group Foundation lessened its stake in Waste Management, Inc. (NYSE:WM) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,635 shares of the business services provider’s stock after selling 302 shares during the period. LGT Group Foundation’s holdings in Waste Management were worth $1,538,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WM. Integrated Wealth Concepts LLC boosted its position in shares of Waste Management by 8.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock valued at $4,407,000 after purchasing an additional 2,272 shares in the last quarter. Birch Hill Investment Advisors LLC boosted its position in shares of Waste Management by 5.5% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock valued at $1,132,000 after purchasing an additional 332 shares in the last quarter. Ingalls & Snyder LLC boosted its position in shares of Waste Management by 1.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 22,662 shares of the business services provider’s stock valued at $3,455,000 after purchasing an additional 231 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Waste Management by 93.0% during the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after purchasing an additional 22,455 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Waste Management by 13,927.7% during the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock valued at $90,319,000 after purchasing an additional 500,701 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In related news, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the sale, the executive vice president now owns 29,677 shares in the company, valued at approximately $6,217,331.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Charles C. Boettcher sold 3,275 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $199.49, for a total value of $653,329.75. Following the completion of the sale, the executive vice president now owns 36,403 shares in the company, valued at approximately $7,262,034.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Charles C. Boettcher sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the sale, the executive vice president now owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,007 shares of company stock worth $3,696,520. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Up 0.3 %

WM stock opened at $207.88 on Friday. The stock has a market capitalization of $83.38 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.70 and a beta of 0.72. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The business has a fifty day moving average price of $208.93 and a 200-day moving average price of $188.30.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast 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. Stockholders of record on Friday, March 15th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. BMO Capital Markets upped their target price on Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. HSBC lowered Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a report on Thursday, February 15th. Raymond James increased their price target on Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Finally, Royal Bank of Canada increased their price target on Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $216.24.

Waste Management Company Profile

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.