Waste Management, Inc. (NYSE:WM) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its stake in Waste Management, Inc. (NYSE:WM) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,758 shares of the business services provider’s stock after selling 2,539 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Waste Management were worth $12,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in shares of Waste Management by 54.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 43,905 shares of the business services provider’s stock worth $7,863,000 after purchasing an additional 15,473 shares during the last quarter. Caprock Group LLC boosted its position in shares of Waste Management by 9.9% during the 4th quarter. Caprock Group LLC now owns 3,020 shares of the business services provider’s stock worth $541,000 after acquiring an additional 273 shares in the last quarter. Gilfoyle & Co LLC purchased a new position in shares of Waste Management in the 4th quarter valued at about $30,000. Quent Capital LLC raised its position in shares of Waste Management by 7.3% during the 4th quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock worth $145,000 after acquiring an additional 55 shares in the last quarter. Finally, Realta Investment Advisors lifted its stake in Waste Management by 5.6% during the fourth quarter. Realta Investment Advisors now owns 4,003 shares of the business services provider’s stock worth $717,000 after purchasing an additional 211 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Up 1.8 %

Waste Management stock opened at $200.54 on Tuesday. The stock’s 50 day moving average price is $209.35 and its 200 day moving average price is $205.19. The company has a market cap of $80.48 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 2.16 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $225.00.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 EPS. On average, sell-side analysts predict that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s dividend payout ratio is currently 49.10%.

Insider Activity at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the sale, the vice president now directly owns 44,144 shares in the company, valued at $9,711,680. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now directly owns 44,144 shares in the company, valued at approximately $9,711,680. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WM has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price target on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a research note on Friday. Robert W. Baird cut their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday. Raymond James upped their price objective on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Truist Financial dropped their price target on Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Waste Management has an average rating of “Hold” and a consensus target price of $215.83.

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.