Waste Management, Inc. $WM Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. lowered its stake in Waste Management, Inc. (NYSE:WM) by 55.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,005 shares of the business services provider’s stock after selling 3,692 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Waste Management were worth $664,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WM. Cornerstone Planning Group LLC increased its holdings in Waste Management by 101.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 67 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Waste Management during the second quarter worth $40,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Waste Management in the third quarter valued at $41,000. Wealth Watch Advisors INC purchased a new stake in shares of Waste Management in the 2nd quarter valued at $43,000. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in Waste Management by 47.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 78 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

NYSE:WM opened at $226.99 on Monday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.80. The firm has a market capitalization of $91.45 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.40 and a beta of 0.58. The business’s fifty day moving average price is $220.19 and its 200 day moving average price is $219.14.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is presently 49.25%.

Insider Buying and Selling at Waste Management

In other news, SVP Rafael Carrasco sold 690 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $219.01, for a total value of $151,116.90. Following the completion of the transaction, the senior vice president owned 22,892 shares in the company, valued at approximately $5,013,576.92. This represents a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John J. Morris sold 690 shares of Waste Management stock in a transaction on Friday, January 30th. The stock was sold at an average price of $219.49, for a total transaction of $151,448.10. Following the sale, the chief operating officer owned 106,635 shares in the company, valued at $23,405,316.15. This represents a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 6,806 shares of company stock worth $1,490,204. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WM shares. Truist Financial set a $260.00 price target on shares of Waste Management in a research report on Wednesday, October 29th. Oppenheimer increased their target price on shares of Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Waste Management in a research note on Monday, December 29th. Wells Fargo & Company increased their price objective on Waste Management from $246.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Canadian Imperial Bank of Commerce 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. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $253.55.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.