Waste Management, Inc. $WM Shares Sold by Dnca Finance

Dnca Finance trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 71.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,600 shares of the business services provider’s stock after selling 19,300 shares during the period. Dnca Finance’s holdings in Waste Management were worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after buying an additional 2,320 shares in the last quarter. Sprott Inc. purchased a new position in Waste Management in the 1st quarter worth approximately $325,000. New Age Alpha Advisors LLC acquired a new stake in Waste Management in the first quarter valued at approximately $45,000. Citigroup Inc. raised its stake in shares of Waste Management by 112.2% during the first quarter. Citigroup Inc. now owns 444,378 shares of the business services provider’s stock valued at $102,878,000 after purchasing an additional 234,976 shares during the period. Finally, Savvy Advisors Inc. lifted its position in shares of Waste Management by 9.7% during the first quarter. Savvy Advisors Inc. now owns 5,901 shares of the business services provider’s stock worth $1,366,000 after purchasing an additional 522 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WM has been the subject of a number of recent analyst reports. Truist Financial set a $260.00 price target on shares of Waste Management in a report on Wednesday, October 29th. CIBC lowered their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. UBS Group cut their price target on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Scotiabank lowered their price objective on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Baird R W raised Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $249.14.

Insider Buying and Selling at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Down 0.3%

Shares of Waste Management stock opened at $213.61 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The business has a 50-day moving average price of $212.08 and a 200 day moving average price of $222.70. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The firm has a market cap of $86.06 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.64 and a beta of 0.58.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). The firm had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.Waste Management’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 EPS. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s payout ratio is presently 51.97%.

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.