Telos Capital Management Inc. Has $4.22 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Telos Capital Management Inc. decreased its stake in Waste Management, Inc. (NYSE:WM) by 2.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,909 shares of the business services provider’s stock after selling 514 shares during the period. Telos Capital Management Inc.’s holdings in Waste Management were worth $4,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WM. Czech National Bank increased its stake in shares of Waste Management by 7.0% in the third quarter. Czech National Bank now owns 74,394 shares of the business services provider’s stock valued at $15,444,000 after buying an additional 4,842 shares during the period. Brookstone Capital Management increased its stake in shares of Waste Management by 2.2% in the third quarter. Brookstone Capital Management now owns 27,252 shares of the business services provider’s stock valued at $5,657,000 after buying an additional 594 shares during the period. Daymark Wealth Partners LLC grew its stake in Waste Management by 5.4% during the third quarter. Daymark Wealth Partners LLC now owns 5,857 shares of the business services provider’s stock worth $1,216,000 after purchasing an additional 301 shares during the period. Marcum Wealth LLC grew its stake in Waste Management by 3.1% during the third quarter. Marcum Wealth LLC now owns 1,754 shares of the business services provider’s stock worth $364,000 after purchasing an additional 53 shares during the period. Finally, Wedmont Private Capital grew its stake in Waste Management by 9.5% during the third quarter. Wedmont Private Capital now owns 5,680 shares of the business services provider’s stock worth $1,167,000 after purchasing an additional 494 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Up 0.0 %

WM stock opened at $224.77 on Friday. Waste Management, Inc. has a twelve month low of $187.48 and a twelve month high of $230.39. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock’s 50 day moving average is $211.98 and its 200-day moving average is $211.34. The firm has a market capitalization of $90.22 billion, a PE ratio of 33.06, a P/E/G ratio of 2.57 and a beta of 0.78.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share 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 38.88%. Sell-side analysts expect that Waste Management, Inc. will post 7.92 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. Waste Management’s dividend payout ratio (DPR) is currently 44.12%.

Insider Buying and Selling

In other Waste Management news, SVP Tara J. Hemmer sold 4,576 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total value of $1,016,421.12. Following the completion of the sale, the senior vice president now directly owns 58,765 shares of the company’s stock, valued at $13,052,881.80. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Charles C. Boettcher sold 693 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the sale, 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. Over the last three months, insiders have sold 12,055 shares of company stock worth $2,674,780. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on WM. Raymond James raised their target price on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. CIBC raised their target price on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets raised their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Argus raised their target price on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, UBS Group increased their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $234.50.

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.