Bryn Mawr Capital Management LLC Lowers Position in Waste Management, Inc. (NYSE:WM)

Bryn Mawr Capital Management LLC cut its holdings in Waste Management, Inc. (NYSE:WM) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,441 shares of the business services provider’s stock after selling 110 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Waste Management were worth $291,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Aberdeen Wealth Management LLC raised its holdings in Waste Management by 1.1% in the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after purchasing an additional 45 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in Waste Management by 3.9% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $257,000 after purchasing an additional 46 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in Waste Management by 2.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock worth $411,000 after purchasing an additional 48 shares in the last quarter. Benchmark Financial Wealth Advisors LLC raised its holdings in Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after purchasing an additional 49 shares in the last quarter. Finally, Balboa Wealth Partners raised its holdings in Waste Management by 4.1% in the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock worth $256,000 after purchasing an additional 49 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Johnson Varkey sold 560 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.11, for a total transaction of $123,261.60. Following the transaction, the senior vice president now owns 9,152 shares in the company, valued at $2,014,446.72. This trade represents a 5.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Devina A. Rankin sold 5,826 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,294,071.12. Following the transaction, the chief financial officer now owns 69,442 shares in the company, valued at $15,424,457.04. This trade represents a 7.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,055 shares of company stock worth $3,578,340. Corporate insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.5 %

Waste Management stock opened at $227.89 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $230.39. The stock’s 50 day simple moving average is $213.43 and its two-hundred day simple moving average is $213.00. The firm has a market cap of $91.47 billion, a PE ratio of 33.51, a P/E/G ratio of 2.71 and a beta of 0.78.

Waste Management (NYSE:WM) last released its quarterly earnings data 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 return on equity of 38.88% and a net margin of 12.45%. Analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is currently 44.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WM shares. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Citigroup upped their price objective on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Raymond James upped their price objective on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Oppenheimer upped their price objective on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, UBS Group upped their price objective on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $235.94.

About Waste Management

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.