Seneca House Advisors Sells 73 Shares of Waste Management, Inc. (NYSE:WM)

Seneca House Advisors lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,164 shares of the business services provider’s stock after selling 73 shares during the period. Seneca House Advisors’ holdings in Waste Management were worth $638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WM. Activest Wealth Management grew its holdings in 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 buying an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted 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 last quarter. General Partner Inc. bought a new stake in Waste Management in the fourth quarter worth $29,000. Sugar Maple Asset Management LLC purchased a new stake in Waste Management during the fourth quarter valued at $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Waste Management during the second quarter valued at $36,000. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on WM shares. Argus upped their target price on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. William Blair initiated coverage on Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Morgan Stanley boosted their target price on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $229.72.

Waste Management Price Performance

NYSE:WM opened at $209.96 on Friday. The firm’s fifty day moving average is $213.04 and its two-hundred day moving average is $211.29. The firm has a market cap of $84.27 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 2.17 and a beta of 0.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a one year low of $183.00 and a one year high of $230.39.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the company earned $1.63 earnings per share. Waste Management’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts expect that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is currently 45.87%.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

About Waste Management

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.