Dakota Wealth Management Sells 219 Shares of Waste Management, Inc. (NYSE:WM)

Dakota Wealth Management lowered its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 71,595 shares of the business services provider’s stock after selling 219 shares during the period. Dakota Wealth Management’s holdings in Waste Management were worth $14,447,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WM. International Assets Investment Management LLC boosted its holdings in shares of Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after acquiring an additional 2,588,842 shares during the period. Swedbank AB boosted its holdings in shares of Waste Management by 67.2% during the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after acquiring an additional 709,678 shares during the period. Parnassus Investments LLC boosted its stake in shares of Waste Management by 11.3% in the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after buying an additional 520,096 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Waste Management by 32.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after buying an additional 437,613 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Waste Management by 138.0% in the third quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock valued at $149,168,000 after buying an additional 416,579 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.5 %

Shares of NYSE:WM opened at $212.77 on Wednesday. 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 52-week low of $182.93 and a 52-week high of $230.39. The company has a market capitalization of $85.40 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. The company has a fifty day moving average of $213.57 and a 200-day moving average of $211.27.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share 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 company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Waste Management’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts predict that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. Waste Management’s dividend payout ratio is 45.87%.

Wall Street Analyst Weigh In

WM has been the subject of several recent research reports. Scotiabank initiated coverage on Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price target for the company. Morgan Stanley boosted their price target on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. UBS Group boosted their price target on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. William Blair assumed coverage on Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $230.72.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.