Capital Investment Advisory Services LLC Sells 1,849 Shares of Waste Management, Inc. (NYSE:WM)

Capital Investment Advisory Services LLC cut its holdings in Waste Management, Inc. (NYSE:WM) by 44.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,349 shares of the business services provider’s stock after selling 1,849 shares during the period. Capital Investment Advisory Services LLC’s holdings in Waste Management were worth $421,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. OLD National Bancorp IN boosted its stake in shares of Waste Management by 1.8% during the 4th quarter. OLD National Bancorp IN now owns 5,829 shares of the business services provider’s stock worth $1,044,000 after purchasing an additional 102 shares during the period. Handelsbanken Fonder AB grew its stake in Waste Management by 3.5% in the 4th quarter. Handelsbanken Fonder AB now owns 211,935 shares of the business services provider’s stock worth $37,958,000 after acquiring an additional 7,215 shares in the last quarter. Signaturefd LLC grew its stake in Waste Management by 8.2% in the 4th quarter. Signaturefd LLC now owns 8,992 shares of the business services provider’s stock worth $1,610,000 after acquiring an additional 679 shares in the last quarter. Lindbrook Capital LLC grew its stake in Waste Management by 48.9% in the 4th quarter. Lindbrook Capital LLC now owns 2,400 shares of the business services provider’s stock worth $430,000 after acquiring an additional 788 shares in the last quarter. Finally, Hunter Associates Investment Management LLC boosted its stake in shares of Waste Management by 2.0% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,501 shares of the business services provider’s stock valued at $1,882,000 after purchasing an additional 201 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Up 0.6 %

WM stock opened at $208.77 on Wednesday. The firm has a market cap of $83.78 billion, a PE ratio of 36.89, a P/E/G ratio of 3.15 and a beta of 0.72. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.86 and a current ratio of 0.90. The firm’s fifty day moving average is $207.88 and its 200 day moving average is $186.15. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, February 12th. The business services provider reported $1.74 EPS for the quarter, beating the consensus estimate of $1.53 by $0.21. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.19 billion. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. During the same quarter last year, the business earned $1.30 earnings per share. On average, research analysts forecast that Waste Management, Inc. will post 6.88 EPS for the current year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.75 dividend. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. Waste Management’s dividend payout ratio (DPR) is 53.00%.

Insider Activity

In other news, 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 sale, the chief financial officer now owns 75,204 shares in the company, valued at $14,934,010.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related 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 transaction of $653,329.75. Following the transaction, the executive vice president now directly owns 36,403 shares in the company, valued at $7,262,034.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $153,899.50. Following the transaction, the chief financial officer now owns 75,204 shares in the company, valued at $14,934,010.32. The disclosure for this sale can be found here. Insiders have sold a total of 18,007 shares of company stock worth $3,696,520 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WM shares. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. BMO Capital Markets increased their target price on shares of Waste Management from $184.00 to $196.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. HSBC cut shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price for the company. in a research report on Thursday, February 15th. UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and raised their price target for the stock from $190.00 to $205.00 in a report on Wednesday, February 14th. Finally, Truist Financial raised their price target on shares of Waste Management from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $204.85.

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.