Schulhoff & Co. Inc. Trims Stock Position in Waste Management, Inc. (NYSE:WM)

Schulhoff & Co. Inc. trimmed its stake in Waste Management, Inc. (NYSE:WMGet Rating) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,000 shares of the business services provider’s stock after selling 190 shares during the period. Schulhoff & Co. Inc.’s holdings in Waste Management were worth $2,002,000 at the end of the most recent quarter.

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

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 value of $4,579,656.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tara J. Hemmer sold 10,910 shares of the company’s stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $142.15, for a total transaction of $1,550,856.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,013 shares of company stock valued at $16,222,631. Company insiders own 0.18% of the company’s stock.

Several equities research analysts recently weighed in on the stock. downgraded shares of Waste Management to a “hold” rating in a research note on Wednesday, February 9th. BMO Capital Markets downgraded shares of Waste Management from an “outperform” rating to a “market perform” rating and set a $174.00 target price on the stock. in a research note on Tuesday, April 12th. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Waste Management from $157.00 to $167.00 in a research note on Thursday. Finally, Raymond James boosted their price target on shares of Waste Management from $167.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, April 22nd. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $161.00.

NYSE WM traded down $5.21 on Friday, hitting $164.44. 2,238,227 shares of the stock were exchanged, compared to its average volume of 1,655,410. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.83. Waste Management, Inc. has a fifty-two week low of $136.79 and a fifty-two week high of $170.18. The company has a market cap of $68.28 billion, a PE ratio of 36.22, a PEG ratio of 2.99 and a beta of 0.87. The company has a 50-day moving average price of $156.20 and a 200-day moving average price of $157.27.

Waste Management (NYSE:WMGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.14 by $0.15. Waste Management had a net margin of 10.32% and a return on equity of 29.67%. The company had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter in the previous year, the business posted $1.06 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts predict that Waste Management, Inc. will post 5.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were issued a $0.65 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, March 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. Waste Management’s dividend payout ratio is presently 57.27%.

Waste Management Profile (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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