American Institute for Advanced Investment Management LLP Sells 152 Shares of Waste Management, Inc. (NYSE:WM)

American Institute for Advanced Investment Management LLP decreased its holdings in shares of Waste Management, Inc. (NYSE:WMFree Report) by 8.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,665 shares of the business services provider’s stock after selling 152 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in Waste Management were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WM. Acadian Asset Management LLC raised its position in Waste Management by 534.5% during the 1st quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock valued at $530,000 after purchasing an additional 2,817 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Waste Management by 0.7% during the 1st quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock worth $8,411,000 after acquiring an additional 370 shares during the period. Baird Financial Group Inc. grew its position in shares of Waste Management by 0.6% during the first quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock valued at $56,842,000 after purchasing an additional 2,309 shares in the last quarter. Covestor Ltd grew its position in shares of Waste Management by 83.8% during the first quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 310 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Waste Management by 44.8% during the first quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock valued at $5,234,000 after purchasing an additional 10,212 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Waste Management stock opened at $210.42 on Thursday. The company has a 50 day moving average price of $202.29 and a 200-day moving average price of $180.75. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.86 and a current ratio of 0.90. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The company has a market capitalization of $84.50 billion, a PE ratio of 37.18, a P/E/G ratio of 3.20 and a beta of 0.72.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.21. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the firm posted $1.30 earnings per share. As a group, equities analysts forecast that Waste Management, Inc. will post 6.88 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.75 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. Waste Management’s payout ratio is 53.00%.

Insider Buying and Selling

In related news, CEO James C. Fish, Jr. sold 9,550 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $182.00, for a total value of $1,738,100.00. Following the completion of the transaction, the chief executive officer now owns 152,838 shares of the company’s stock, valued at $27,816,516. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Charles C. Boettcher sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the transaction, the executive vice president now owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James C. Fish, Jr. sold 9,550 shares of Waste Management stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $182.00, for a total transaction of $1,738,100.00. Following the completion of the transaction, the chief executive officer now directly owns 152,838 shares in the company, valued at $27,816,516. The disclosure for this sale can be found here. Insiders sold 30,242 shares of company stock valued at $5,929,355 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WM. UBS Group lowered Waste Management from a “buy” rating to a “neutral” rating and raised their price objective for the company from $190.00 to $205.00 in a research report on Wednesday, February 14th. Jefferies Financial Group lifted their price target on Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Stifel Nicolaus lifted their price target on Waste Management from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Royal Bank of Canada lifted their price target on Waste Management from $163.00 to $189.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Finally, Citigroup lifted their price target on Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $201.57.

Read Our Latest Report on WM

Waste Management Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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