Wulff Hansen & CO. Sells 60 Shares of Waste Management, Inc. (NYSE:WM)

Wulff Hansen & CO. trimmed its position in shares of Waste Management, Inc. (NYSE:WMFree Report) by 1.4% in the fourth quarter, Holdings Channel reports. The fund owned 4,234 shares of the business services provider’s stock after selling 60 shares during the quarter. Wulff Hansen & CO.’s holdings in Waste Management were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in WM. Sachetta LLC acquired a new position in Waste Management during the 4th quarter valued at $27,000. Gilfoyle & Co LLC acquired a new position in shares of Waste Management during the fourth quarter valued at about $30,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Waste Management in the fourth quarter valued at about $36,000. DSM Capital Partners LLC acquired a new stake in Waste Management during the fourth quarter worth about $38,000. Finally, Rational Advisors LLC acquired a new position in Waste Management in the 3rd quarter valued at approximately $41,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of Waste Management 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 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 SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WM. Stifel Nicolaus lifted their price objective on Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Raymond James increased their price objective on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and upped their target price for the company from $190.00 to $205.00 in a research note on Wednesday, February 14th. Truist Financial raised their price target on shares of Waste Management from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Robert W. Baird increased their target price on Waste Management from $214.00 to $222.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $217.61.

Get Our Latest Report on Waste Management

Waste Management Price Performance

NYSE WM traded down $0.68 on Monday, hitting $208.81. 1,270,800 shares of the company were exchanged, compared to its average volume of 1,656,245. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The firm has a 50 day moving average of $209.50 and a two-hundred day moving average of $194.00. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. The company has a market cap of $83.75 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.57 and a beta of 0.72.

Waste Management (NYSE:WMGet Free Report) last announced its earnings results 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 company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the business earned $1.31 earnings per share. Waste Management’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a $0.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. Waste Management’s payout ratio is 49.10%.

Waste Management Company 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.

See Also

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

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