Waste Management, Inc. (NYSE:WM) Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,158 shares of the business services provider's stock after selling 2,437 shares during the quarter. Dakota Wealth Management's holdings in Waste Management were worth $16,011,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Westend Capital Management LLC lifted its holdings in Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock worth $27,000 after buying an additional 66 shares during the period. Transce3nd LLC purchased a new stake in Waste Management during the fourth quarter worth $28,000. West Branch Capital LLC lifted its holdings in Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock worth $28,000 after buying an additional 49 shares during the period. Hurley Capital LLC purchased a new stake in Waste Management during the fourth quarter worth $34,000. Finally, Adalta Capital Management LLC purchased a new stake in Waste Management during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 80.40% of the company's stock.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the sale, the senior vice president owned 16,542 shares of the company's stock, valued at approximately $3,917,311.02. The trade was a 3.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the completion of the sale, the chief financial officer directly owned 83,934 shares in the company, valued at $19,922,574.24. This represents a 40.82% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Performance

Shares of NYSE WM traded down $3.25 during midday trading on Tuesday, reaching $226.05. 368,556 shares of the company were exchanged, compared to its average volume of 1,724,669. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $242.58. The stock has a fifty day simple moving average of $232.17 and a 200 day simple moving average of $226.05. The stock has a market cap of $90.96 billion, a P/E ratio of 34.12, a PEG ratio of 2.99 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.08. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same quarter last year, the company posted $1.75 earnings per share. The business's revenue was up 16.7% on a year-over-year basis. On average, research 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 disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, June 6th. Waste Management's dividend payout ratio is presently 49.77%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Royal Bank Of Canada reiterated a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. CIBC increased their price target on Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Robert W. Baird raised their target price on Waste Management from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. UBS Group lifted their price target on Waste Management from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Finally, Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Waste Management presently has an average rating of "Moderate Buy" and an average price target of $251.29.

About Waste Management

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.