Raymond James Trust N.A. lessened its holdings in Waste Management, Inc. (NYSE:WM) by 9.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,635 shares of the business services provider’s stock after selling 4,956 shares during the period. Raymond James Trust N.A.’s holdings in Waste Management were worth $4,846,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. increased its stake in Waste Management by 3.3% in the fourth quarter. BlackRock Inc. now owns 31,659,414 shares of the business services provider’s stock valued at $2,817,372,000 after acquiring an additional 1,025,813 shares during the last quarter. Parnassus Investments CA increased its stake in Waste Management by 1.3% in the fourth quarter. Parnassus Investments CA now owns 5,879,967 shares of the business services provider’s stock valued at $523,258,000 after acquiring an additional 73,432 shares during the last quarter. AQR Capital Management LLC increased its stake in Waste Management by 2.4% in the third quarter. AQR Capital Management LLC now owns 5,463,378 shares of the business services provider’s stock valued at $493,671,000 after acquiring an additional 128,847 shares during the last quarter. Geode Capital Management LLC increased its stake in Waste Management by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 5,208,586 shares of the business services provider’s stock valued at $462,699,000 after acquiring an additional 326,408 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Waste Management by 3.8% in the fourth quarter. Northern Trust Corp now owns 5,024,041 shares of the business services provider’s stock valued at $447,089,000 after acquiring an additional 182,007 shares during the last quarter. Institutional investors own 75.74% of the company’s stock.

Shares of NYSE:WM traded up $2.47 on Monday, reaching $104.26. 2,838,428 shares of the company traded hands, compared to its average volume of 1,849,965. Waste Management, Inc. has a 52 week low of $79.96 and a 52 week high of $105.68. The stock has a market capitalization of $42.71 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 1.53.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Thursday, February 14th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.07. Waste Management had a return on equity of 29.43% and a net margin of 12.91%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts predict that Waste Management, Inc. will post 4.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.5125 per share. This is a boost from Waste Management’s previous quarterly dividend of $0.47. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Thursday, March 7th. Waste Management’s dividend payout ratio (DPR) is 48.81%.

A number of research analysts recently commented on WM shares. Stifel Nicolaus raised Waste Management from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group raised Waste Management from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $103.00 in a research note on Thursday, January 10th. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Monday, December 31st. Oppenheimer raised their price objective on Waste Management from $95.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, February 15th. Finally, KeyCorp started coverage on Waste Management in a research note on Monday, February 4th. They set an “overweight” rating and a $96.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Buy” and a consensus target price of $101.71.

In related news, CFO Devina A. Rankin sold 692 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $98.80, for a total value of $68,369.60. Following the sale, the chief financial officer now directly owns 22,128 shares of the company’s stock, valued at $2,186,246.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tara J. Hmmer sold 472 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $98.81, for a total value of $46,638.32. Following the completion of the sale, the senior vice president now directly owns 17,208 shares in the company, valued at $1,700,322.48. The disclosure for this sale can be found here. Insiders have sold 4,092 shares of company stock worth $402,648 over the last ninety days. Insiders own 0.30% of the company’s stock.

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Waste Management Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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