Waste Management, Inc. (NYSE:WM) Shares Sold by Bank of New Hampshire

Bank of New Hampshire reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,466 shares of the business services provider’s stock after selling 95 shares during the quarter. Bank of New Hampshire’s holdings in Waste Management were worth $1,516,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC boosted its holdings in shares of Waste Management by 2.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 8,032 shares of the business services provider’s stock valued at $1,224,000 after buying an additional 188 shares during the period. DAVENPORT & Co LLC lifted its position in Waste Management by 10.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 28,675 shares of the business services provider’s stock valued at $4,371,000 after purchasing an additional 2,672 shares during the last quarter. Avior Wealth Management LLC lifted its position in Waste Management by 57.5% in the 3rd quarter. Avior Wealth Management LLC now owns 1,380 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 504 shares during the last quarter. Founders Financial Securities LLC lifted its position in Waste Management by 6.0% in the 3rd quarter. Founders Financial Securities LLC now owns 5,591 shares of the business services provider’s stock valued at $852,000 after purchasing an additional 315 shares during the last quarter. Finally, Purus Wealth Management LLC lifted its position in Waste Management by 0.3% in the 3rd quarter. Purus Wealth Management LLC now owns 37,089 shares of the business services provider’s stock valued at $5,654,000 after purchasing an additional 113 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on WM. Royal Bank of Canada boosted their price target on shares of Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday. Oppenheimer boosted their price target on shares of Waste Management from $188.00 to $212.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. HSBC downgraded shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research report on Thursday, February 15th. JPMorgan Chase & Co. lifted their price objective on shares of Waste Management from $165.00 to $197.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Truist Financial lifted their price objective on shares of Waste Management from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $208.07.

Waste Management Stock Performance

NYSE:WM traded down $1.59 during trading hours on Friday, hitting $211.11. 752,532 shares of the company traded hands, compared to its average volume of 1,659,775. The stock has a market capitalization of $84.72 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 3.19 and a beta of 0.72. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The firm has a 50-day moving average of $208.37 and a 200 day moving average of $186.50. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 2.30.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.52 by $0.23. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.82%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 EPS. On average, analysts forecast that Waste Management, Inc. will post 6.88 EPS for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s payout ratio is 49.10%.

Insider Buying and Selling at Waste Management

In other news, EVP Charles C. Boettcher sold 3,275 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $199.49, for a total value of $653,329.75. Following the sale, the executive vice president now owns 36,403 shares of the company’s stock, valued at approximately $7,262,034.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Charles C. Boettcher sold 3,275 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $199.49, for a total value of $653,329.75. Following the sale, the executive vice president now owns 36,403 shares of the company’s stock, valued at approximately $7,262,034.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Christopher P. Desantis sold 346 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the sale, the senior vice president now directly owns 8,218 shares in the company, valued at approximately $1,640,641.52. The disclosure for this sale can be found here. Insiders have sold 18,007 shares of company stock valued at $3,696,520 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Waste Management Company 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.