Waste Management, Inc. (NYSE:WM) Shares Sold by TruNorth Capital Management LLC

TruNorth Capital Management LLC reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 16.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 430 shares of the business services provider’s stock after selling 85 shares during the quarter. TruNorth Capital Management LLC’s holdings in Waste Management were worth $87,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Swedbank AB lifted 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 valued at $366,537,000 after purchasing an additional 709,678 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Waste Management by 18.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,971 shares of the business services provider’s stock valued at $10,270,000 after purchasing an additional 7,776 shares in the last quarter. Carret Asset Management LLC increased its stake in shares of Waste Management by 3.2% in the third quarter. Carret Asset Management LLC now owns 1,607 shares of the business services provider’s stock worth $334,000 after acquiring an additional 50 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after purchasing an additional 5,367 shares in the last quarter. Finally, First Financial Bankshares Inc acquired a new stake in Waste Management in the third quarter valued at approximately $204,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Price Performance

Shares of WM stock opened at $229.70 on Tuesday. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. Waste Management, Inc. has a 52-week low of $196.59 and a 52-week high of $230.63. The firm’s 50 day moving average price is $213.79 and its two-hundred day moving average price is $213.29. The stock has a market cap of $92.36 billion, a PE ratio of 33.78, a PEG ratio of 2.71 and a beta of 0.78.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. As a group, analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, March 14th. This is a boost from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is 44.12%.

Insiders Place Their Bets

In other Waste Management news, SVP Rafael Carrasco sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $225.89, for a total transaction of $903,560.00. Following the transaction, the senior vice president now owns 18,531 shares of the company’s stock, valued at $4,185,967.59. The trade was a 17.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James C. Fish, Jr. sold 44,405 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $228.43, for a total value of $10,143,434.15. Following the completion of the sale, the chief executive officer now directly owns 211,061 shares of the company’s stock, valued at approximately $48,212,664.23. The trade was a 17.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,460 shares of company stock worth $13,721,774. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Argus boosted their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Raymond James boosted their price objective on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada upped their target price on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Truist Financial increased their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price on shares of Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $235.94.

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.