Waste Management, Inc. $WM Holdings Trimmed by Dakota Wealth Management

Dakota Wealth Management cut its holdings in Waste Management, Inc. (NYSE:WM) by 36.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 65,816 shares of the business services provider’s stock after selling 38,514 shares during the quarter. Dakota Wealth Management’s holdings in Waste Management were worth $14,534,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WM. Cornerstone Planning Group LLC boosted its holdings in Waste Management by 101.5% during the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after buying an additional 67 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Waste Management during the 2nd quarter valued at $40,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Waste Management during the 3rd quarter worth $41,000. Wealth Watch Advisors INC acquired a new position in shares of Waste Management in the 2nd quarter worth $43,000. Finally, Costello Asset Management INC acquired a new stake in shares of Waste Management during the third quarter worth $49,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WM shares. JPMorgan Chase & Co. lifted their price target on Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Citigroup dropped their target price on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Oppenheimer upped their price target on shares of Waste Management from $263.00 to $264.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $238.00 to $242.00 in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group assumed coverage on Waste Management in a report on Monday, November 24th. They issued a “buy” rating and a $256.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $253.55.

Insider Transactions at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 7,352 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $234.50, for a total value of $1,724,044.00. Following the transaction, the senior vice president directly owned 15,540 shares of the company’s stock, valued at $3,644,130. This represents a 32.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO John A. Carroll sold 1,021 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $234.71, for a total value of $239,638.91. Following the sale, the chief accounting officer directly owned 8,309 shares of the company’s stock, valued at $1,950,205.39. This trade represents a 10.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 62,746 shares of company stock valued at $14,470,494. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Down 0.0%

Waste Management stock opened at $230.28 on Tuesday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.85 and a current ratio of 0.89. The firm has a market cap of $92.88 billion, a PE ratio of 34.37, a P/E/G ratio of 2.44 and a beta of 0.58. The firm’s 50 day moving average price is $224.40 and its two-hundred day moving average price is $219.27.

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

Waste Management Profile

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.