Trillium Asset Management LLC Decreases Stock Holdings in Waste Management, Inc. (NYSE:WM)

Trillium Asset Management LLC cut its holdings in Waste Management, Inc. (NYSE:WM) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,335 shares of the business services provider’s stock after selling 467 shares during the period. Trillium Asset Management LLC’s holdings in Waste Management were worth $26,716,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hexagon Capital Partners LLC boosted its stake in Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after buying an additional 75 shares during the period. Sachetta LLC purchased a new stake in Waste Management in the 4th quarter worth about $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Waste Management during the first quarter valued at approximately $35,000. Gilfoyle & Co LLC bought a new position in shares of Waste Management during the fourth quarter valued at approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Waste Management in the fourth quarter worth approximately $36,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Down 0.1 %

WM traded down $0.26 on Friday, hitting $222.84. The company had a trading volume of 1,220,931 shares, compared to its average volume of 1,696,297. The stock has a market capitalization of $89.37 billion, a price-to-earnings ratio of 36.44, a P/E/G ratio of 2.59 and a beta of 0.74. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. The stock has a fifty day moving average price of $209.20 and a 200-day moving average price of $203.23. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $225.00.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 EPS. Analysts predict that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a $0.75 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. Waste Management’s payout ratio is 49.10%.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares of the company’s stock, valued at $9,711,680. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the sale, the vice president now owns 44,144 shares in the company, valued at $9,711,680. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the sale, the vice president now owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WM. Morgan Stanley boosted their price objective on Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Raymond James raised their price target on shares of Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Truist Financial lowered their price objective on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, TD Cowen raised their target price on shares of Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $217.39.

Waste Management Company 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.