Van Hulzen Asset Management LLC decreased its holdings in shares of Waste Management, Inc. (NYSE:WM – Get Rating) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,623 shares of the business services provider’s stock after selling 475 shares during the period. Van Hulzen Asset Management LLC’s holdings in Waste Management were worth $938,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. D Orazio & Associates Inc. lifted its position in shares of Waste Management by 52.1% in the 3rd quarter. D Orazio & Associates Inc. now owns 184 shares of the business services provider’s stock worth $27,000 after purchasing an additional 63 shares during the period. Checchi Capital Advisers LLC lifted its position in Waste Management by 1.0% during the third quarter. Checchi Capital Advisers LLC now owns 6,343 shares of the business services provider’s stock valued at $947,000 after acquiring an additional 64 shares during the last quarter. Fieldpoint Private Securities LLC lifted its position in Waste Management by 0.8% during the third quarter. Fieldpoint Private Securities LLC now owns 7,928 shares of the business services provider’s stock valued at $1,184,000 after acquiring an additional 64 shares during the last quarter. Abbrea Capital LLC lifted its position in Waste Management by 3.6% during the third quarter. Abbrea Capital LLC now owns 1,903 shares of the business services provider’s stock valued at $284,000 after acquiring an additional 66 shares during the last quarter. Finally, Graypoint LLC lifted its position in Waste Management by 1.9% during the third quarter. Graypoint LLC now owns 3,510 shares of the business services provider’s stock valued at $524,000 after acquiring an additional 66 shares during the last quarter. 74.38% of the stock is owned by institutional investors.
WM stock traded up $0.71 during midday trading on Tuesday, hitting $158.72. 13,977 shares of the stock traded hands, compared to its average volume of 2,015,933. The firm has a market cap of $65.89 billion, a P/E ratio of 36.75, a PEG ratio of 2.69 and a beta of 0.87. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.75 and a quick ratio of 0.72. The stock’s fifty day simple moving average is $152.76 and its 200-day simple moving average is $156.72. Waste Management, Inc. has a 1-year low of $133.80 and a 1-year high of $168.04.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.64%. This is an increase from Waste Management’s previous quarterly dividend of $0.58. The ex-dividend date was Wednesday, March 16th. Waste Management’s dividend payout ratio (DPR) is presently 60.47%.
A number of research firms recently commented on WM. BMO Capital Markets cut shares of Waste Management from an “outperform” rating to a “market perform” rating and set a $174.00 target price for the company. in a research report on Tuesday, April 12th. JPMorgan Chase & Co. started coverage on shares of Waste Management in a research report on Tuesday, March 1st. They set a “neutral” rating and a $153.00 target price for the company. Erste Group lowered shares of Waste Management to a “hold” rating in a research note on Wednesday, February 9th. Finally, StockNews.com started coverage on shares of Waste Management in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management presently has an average rating of “Hold” and an average price target of $155.00.
In other Waste Management news, CEO James C. Fish, Jr. sold 28,976 shares of Waste Management stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $158.05, for a total transaction of $4,579,656.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tara J. Hemmer sold 10,910 shares of Waste Management stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $142.15, for a total transaction of $1,550,856.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,028 shares of company stock worth $6,150,606. Insiders own 0.18% of the company’s stock.
Waste Management Profile (Get Rating)
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
- Get a free copy of the StockNews.com research report on Waste Management (WM)
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