Tilt Investment Management Holdings PBC Sells 12,179 Shares of Waste Management, Inc. (NYSE:WM)

Tilt Investment Management Holdings PBC cut its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 89.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,492 shares of the business services provider's stock after selling 12,179 shares during the period. Tilt Investment Management Holdings PBC's holdings in Waste Management were worth $267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in Waste Management by 8.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider's stock worth $4,407,000 after purchasing an additional 2,272 shares during the last quarter. Birch Hill Investment Advisors LLC increased its holdings in Waste Management by 5.5% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider's stock worth $1,132,000 after purchasing an additional 332 shares during the last quarter. Ingalls & Snyder LLC increased its holdings in Waste Management by 1.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 22,662 shares of the business services provider's stock worth $3,455,000 after purchasing an additional 231 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Waste Management by 93.0% in the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider's stock valued at $8,348,000 after acquiring an additional 22,455 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Waste Management by 13,927.7% in the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider's stock valued at $90,319,000 after acquiring an additional 500,701 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Donald J. Smith sold 329 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total value of $65,326.24. Following the completion of the sale, the vice president now owns 5,522 shares in the company, valued at $1,096,448.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Christopher P. Desantis sold 346 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the sale, the senior vice president now directly owns 8,218 shares of the company's stock, valued at $1,640,641.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Donald J. Smith sold 329 shares of the company's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total value of $65,326.24. Following the sale, the vice president now directly owns 5,522 shares of the company's stock, valued at $1,096,448.32. The disclosure for this sale can be found here. Insiders sold a total of 18,007 shares of company stock worth $3,696,520 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WM. StockNews.com upgraded Waste Management from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 9th. HSBC downgraded Waste Management from a "buy" rating to a "hold" rating and set a $210.00 price target for the company. in a report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price target on Waste Management from $165.00 to $197.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Citigroup boosted their price target on Waste Management from $215.00 to $226.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Finally, UBS Group downgraded Waste Management from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $190.00 to $205.00 in a research note on Wednesday, February 14th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $204.85.

Waste Management Stock Performance

WM stock traded up $2.05 during trading on Friday, reaching $207.12. 1,354,000 shares of the company's stock were exchanged, compared to its average volume of 1,667,373. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 2.30. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The company's fifty day moving average price is $206.94 and its 200-day moving average price is $184.57. The firm has a market cap of $83.12 billion, a PE ratio of 36.23, a P/E/G ratio of 3.13 and a beta of 0.72.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.21. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. On average, research analysts expect that Waste Management, Inc. will post 6.88 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.75 dividend. This is a positive change from Waste Management's previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. Waste Management's dividend payout ratio is 53.00%.

Waste Management 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.