Waste Management, Inc. (NYSE:WM) Shares Sold by Kades & Cheifetz LLC

Kades & Cheifetz LLC trimmed its position in Waste Management, Inc. (NYSE:WM) by 19.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,699 shares of the business services provider’s stock after selling 647 shares during the period. Kades & Cheifetz LLC’s holdings in Waste Management were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management grew its position in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates grew its position in shares of Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. acquired a new stake in shares of Waste Management during the 4th quarter valued at about $29,000. Fairway Wealth LLC grew its position in shares of Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Finally, Fairscale Capital LLC acquired a new stake in shares of Waste Management during the 2nd quarter valued at about $39,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Down 0.1 %

Shares of Waste Management stock traded down $0.15 during trading on Monday, hitting $207.10. 651,566 shares of the stock were exchanged, compared to its average volume of 1,639,807. The stock has a market cap of $83.12 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. The firm’s 50-day moving average price is $214.76 and its 200 day moving average price is $211.33. Waste Management, Inc. has a 12-month low of $180.17 and a 12-month high of $230.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the previous year, the company earned $1.63 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts forecast that Waste Management, Inc. will post 7.32 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Analyst Upgrades and Downgrades

WM has been the topic of a number of analyst reports. Royal Bank of Canada raised their target price on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Oppenheimer raised their price target on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Morgan Stanley raised their price target on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $230.72.

Waste Management 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.