Curi RMB Capital LLC Has $231,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

Curi RMB Capital LLC lessened its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 70.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,144 shares of the business services provider's stock after selling 2,684 shares during the period. Curi RMB Capital LLC's holdings in Waste Management were worth $231,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Waste Management by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,426,067 shares of the business services provider's stock worth $489,570,000 after purchasing an additional 170,046 shares in the last quarter. Dnca Finance acquired a new stake in shares of Waste Management during the fourth quarter worth approximately $5,650,000. Forum Financial Management LP increased its holdings in shares of Waste Management by 21.1% during the fourth quarter. Forum Financial Management LP now owns 3,150 shares of the business services provider's stock worth $636,000 after buying an additional 549 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its holdings in shares of Waste Management by 1.5% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 122,198 shares of the business services provider's stock worth $24,658,000 after buying an additional 1,854 shares in the last quarter. Finally, Capital Square LLC acquired a new stake in shares of Waste Management during the fourth quarter worth approximately $219,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Trading Up 0.4 %

NYSE WM traded up $0.81 on Friday, reaching $228.28. The company had a trading volume of 2,115,581 shares, compared to its average volume of 1,645,509. The stock's 50 day moving average is $227.95 and its 200-day moving average is $219.78. The stock has a market cap of $91.84 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 2.71 and a beta of 0.66. 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, Inc. has a 52 week low of $196.59 and a 52 week high of $239.32.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. Equities analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.825 dividend. This is an increase from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, March 14th. Waste Management's dividend payout ratio is 48.53%.

Analysts Set New Price Targets

Several research firms have recently weighed in on WM. Scotiabank raised their price objective on shares of Waste Management from $255.00 to $260.00 and gave the stock a "sector outperform" rating in a report on Tuesday, April 8th. Jefferies Financial Group dropped their price objective on shares of Waste Management from $255.00 to $238.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. CIBC raised their price objective on shares of Waste Management from $227.00 to $247.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. UBS Group raised their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Finally, William Blair restated an "outperform" rating on shares of Waste Management in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Waste Management presently has an average rating of "Moderate Buy" and a consensus price target of $239.28.

Insiders Place Their Bets

In other news, CFO Devina A. Rankin sold 5,826 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,294,071.12. Following the completion of the transaction, the chief financial officer now directly owns 69,442 shares of the company's stock, valued at $15,424,457.04. This represents a 7.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles C. Boettcher sold 693 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the transaction, the executive vice president now directly owns 45,542 shares of the company's stock, valued at $10,046,109.78. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,577 shares of company stock worth $21,662,464 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

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.