Baldwin Wealth Partners LLC MA Sells 2,235 Shares of Waste Management, Inc. $WM

Baldwin Wealth Partners LLC MA lowered its position in Waste Management, Inc. (NYSE:WM) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 132,173 shares of the business services provider’s stock after selling 2,235 shares during the period. Waste Management comprises 1.9% of Baldwin Wealth Partners LLC MA’s portfolio, making the stock its 15th largest holding. Baldwin Wealth Partners LLC MA’s holdings in Waste Management were worth $29,040,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of WM. Vanguard Group Inc. raised its stake in Waste Management by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock worth $8,487,924,000 after buying an additional 774,255 shares during the period. Ameriprise Financial Inc. grew its position in Waste Management by 5.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock valued at $1,250,613,000 after purchasing an additional 277,250 shares during the period. Norges Bank bought a new stake in Waste Management during the 2nd quarter valued at $1,064,206,000. Northern Trust Corp raised its holdings in Waste Management by 0.3% during the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock worth $873,276,000 after buying an additional 11,688 shares during the last quarter. Finally, Amundi lifted its stake in shares of Waste Management by 8.6% in the second quarter. Amundi now owns 3,596,281 shares of the business services provider’s stock valued at $804,809,000 after buying an additional 284,733 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling

In other Waste Management news, SVP Johnson Varkey sold 121 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $245.27, for a total value of $29,677.67. Following the completion of the sale, the senior vice president directly owned 9,293 shares of the company’s stock, valued at $2,279,294.11. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tara J. Hemmer sold 4,818 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $241.83, for a total transaction of $1,165,136.94. Following the sale, the senior vice president owned 78,918 shares of the company’s stock, valued at approximately $19,084,739.94. The trade was a 5.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 98,042 shares of company stock worth $23,039,777 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Down 1.1%

WM opened at $231.18 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. The business’s fifty day simple moving average is $231.38 and its 200 day simple moving average is $220.69. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The stock has a market cap of $93.24 billion, a PE ratio of 34.50, a P/E/G ratio of 2.47 and a beta of 0.57.

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

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, March 13th. This is a positive change from Waste Management’s previous quarterly dividend of $0.83. Waste Management’s dividend payout ratio (DPR) is presently 56.42%.

Wall Street Analyst Weigh In

Several research firms have recently commented on WM. Stifel Nicolaus boosted their target price on shares of Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. UBS Group upgraded Waste Management from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $260.00 in a research note on Friday, January 9th. Barclays decreased their price objective on Waste Management from $266.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Oppenheimer raised their target price on Waste Management from $263.00 to $264.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Wolfe Research assumed coverage on Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $254.59.

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.