Waste Management, Inc. (NYSE:WM) Shares Acquired by Trillium Asset Management LLC

Trillium Asset Management LLC grew its stake in shares of Waste Management, Inc. (NYSE:WMGet Rating) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 122,449 shares of the business services provider’s stock after acquiring an additional 2,800 shares during the period. Trillium Asset Management LLC’s holdings in Waste Management were worth $20,437,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Financial Group LLC acquired a new stake in Waste Management during the 4th quarter worth about $25,000. D Orazio & Associates Inc. increased its holdings in shares of Waste Management by 52.1% in the 3rd quarter. D Orazio & Associates Inc. now owns 184 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 63 shares during the period. Bell Investment Advisors Inc purchased a new stake in shares of Waste Management in the third quarter worth approximately $27,000. Amplius Wealth Advisors LLC acquired a new stake in shares of Waste Management during the fourth quarter worth approximately $27,000. Finally, SRS Capital Advisors Inc. grew its position in Waste Management by 158.3% during the third quarter. SRS Capital Advisors Inc. now owns 186 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. 74.38% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Waste Management in a report on Thursday, March 31st. They set a “buy” rating on the stock. BMO Capital Markets lowered Waste Management from an “outperform” rating to a “market perform” rating and set a $174.00 target price on the stock. in a research report on Tuesday, April 12th. Raymond James lifted their price target on Waste Management from $167.00 to $170.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. started coverage on shares of Waste Management in a research report on Tuesday, March 1st. They set a “neutral” rating and a $153.00 price objective on the stock. Finally, Erste Group downgraded shares of Waste Management to a “hold” rating in a research report on Wednesday, February 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $155.43.

In related news, CEO James C. Fish, Jr. sold 28,976 shares of the company’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $158.05, for a total transaction of $4,579,656.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tara J. Hemmer sold 10,910 shares of the business’s stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $142.15, for a total value of $1,550,856.50. The disclosure for this sale can be found here. Insiders sold 40,028 shares of company stock worth $6,150,606 over the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Waste Management stock traded up $10.26 during trading hours on Tuesday, reaching $166.22. 50,892 shares of the company were exchanged, compared to its average volume of 1,994,139. Waste Management, Inc. has a 12 month low of $133.85 and a 12 month high of $168.04. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average of $154.30 and a 200 day moving average of $156.97. The firm has a market cap of $69.01 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 2.72 and a beta of 0.87.

Waste Management (NYSE:WMGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The business services provider reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.15. Waste Management had a net margin of 10.13% and a return on equity of 28.14%. The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the previous year, the company earned $1.06 earnings per share. Waste Management’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts forecast that Waste Management, Inc. will post 5.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were given a $0.65 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.58. This represents a $2.60 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Wednesday, March 16th. Waste Management’s dividend payout ratio (DPR) is currently 60.47%.

About Waste Management (Get Rating)

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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