Windward Capital Management Co. CA Sells 429 Shares of Waste Management, Inc. (NYSE:WM)

Windward Capital Management Co. CA reduced its holdings in Waste Management, Inc. (NYSE:WM) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 30,208 shares of the business services provider’s stock after selling 429 shares during the quarter. Windward Capital Management Co. CA’s holdings in Waste Management were worth $6,096,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Waste Management by 0.8% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after buying an additional 2,127 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after purchasing an additional 280,455 shares during the period. Trium Capital LLP grew its position in Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after purchasing an additional 3,029 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Waste Management by 77.4% during the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after buying an additional 5,367 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Waste Management by 6.2% in the third quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock valued at $99,759,000 after buying an additional 28,266 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 0.6 %

Shares of NYSE WM opened at $222.33 on Wednesday. Waste Management, Inc. has a 1-year low of $187.20 and a 1-year high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The company has a 50-day moving average of $212.16 and a two-hundred day moving average of $211.25. The company has a market cap of $89.23 billion, a PE ratio of 32.70, a P/E/G ratio of 2.57 and a beta of 0.78.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, equities analysts expect that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is 44.12%.

Insider Activity at Waste Management

In related news, CFO Devina A. Rankin sold 5,826 shares of Waste Management stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,294,071.12. Following the transaction, the chief financial officer now owns 69,442 shares of the company’s stock, valued at $15,424,457.04. This trade represents a 7.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO John A. Carroll sold 209 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.55, for a total transaction of $46,094.95. Following the transaction, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,055 shares of company stock worth $2,674,780 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on WM shares. Citigroup upped their price target on Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a report on Monday. Argus lifted their price target on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Scotiabank raised their price objective on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a report on Monday. Truist Financial raised their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets increased their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Ten equities 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $234.50.

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.