Centiva Capital LP Has $754,000 Stake in Waste Management, Inc. (NYSE:WM)

Centiva Capital LP cut its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 44.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,738 shares of the business services provider's stock after selling 2,996 shares during the period. Centiva Capital LP's holdings in Waste Management were worth $754,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Transce3nd LLC bought a new position in Waste Management during the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Waste Management in the 4th quarter valued at $33,000. Hurley Capital LLC bought a new position in Waste Management in the fourth quarter worth approximately $34,000. Sugar Maple Asset Management LLC acquired a new position in shares of Waste Management during the fourth quarter valued at about $35,000. Finally, Pineridge Advisors LLC purchased a new position in shares of Waste Management during the 4th quarter valued at about $35,000. 80.40% of the stock is currently owned by institutional investors.

Insider Activity

In other Waste Management news, CEO James C. Fish, Jr. sold 44,405 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the completion of the transaction, the chief executive officer now owns 211,061 shares of the company's stock, valued at approximately $48,212,664.23. The trade was a 17.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Johnson Varkey sold 124 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $234.96, for a total transaction of $29,135.04. Following the completion of the transaction, the senior vice president now directly owns 8,491 shares of the company's stock, valued at approximately $1,995,045.36. The trade was a 1.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,522 shares of company stock valued at $18,084,124. 0.18% of the stock is owned by insiders.

Waste Management Price Performance

WM stock traded down $7.34 during midday trading on Monday, reaching $225.41. 2,974,299 shares of the company's stock traded hands, compared to its average volume of 1,653,822. The company has a 50-day simple moving average of $228.54 and a two-hundred day simple moving average of $221.24. The company has a market cap of $90.71 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.71 and a beta of 0.67. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $239.32. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.59 by $0.08. The business had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $6.14 billion. Waste Management had a net margin of 12.45% and a return on equity of 37.93%. During the same period in the previous year, the firm posted $1.75 EPS. The firm's revenue was up 16.7% compared to the same quarter last year. On average, analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.46%. Waste Management's dividend payout ratio is presently 49.77%.

Analyst Upgrades and Downgrades

WM has been the subject of a number of research analyst reports. Oppenheimer increased their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Seaport Res Ptn upgraded Waste Management to a "hold" rating in a research note on Tuesday, May 6th. William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research report on Tuesday, April 29th. Raymond James raised their price objective on Waste Management from $235.00 to $237.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, HSBC raised shares of Waste Management from a "hold" rating to a "buy" rating and upped their price target for the stock from $210.00 to $265.00 in a research note on Friday, April 25th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $243.29.

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.