Kingsview Wealth Management LLC Sells 354 Shares of Waste Management, Inc. (NYSE:WM)

Kingsview Wealth Management LLC trimmed its position in Waste Management, Inc. (NYSE:WMFree Report) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,354 shares of the business services provider’s stock after selling 354 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Waste Management were worth $1,675,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. increased its stake in Waste Management by 8.2% during the third quarter. Assetmark Inc. now owns 1,392 shares of the business services provider’s stock worth $212,000 after acquiring an additional 106 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Waste Management by 3.3% during the third quarter. Orion Portfolio Solutions LLC now owns 43,264 shares of the business services provider’s stock valued at $6,595,000 after buying an additional 1,384 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Waste Management by 0.7% during the third quarter. Daiwa Securities Group Inc. now owns 35,829 shares of the business services provider’s stock valued at $5,462,000 after buying an additional 245 shares during the period. Empirical Finance LLC boosted its position in shares of Waste Management by 9.6% during the third quarter. Empirical Finance LLC now owns 13,125 shares of the business services provider’s stock valued at $2,001,000 after buying an additional 1,150 shares during the period. Finally, Millburn Ridgefield Corp purchased a new position in shares of Waste Management during the third quarter valued at approximately $35,000. 80.40% of the stock is owned by institutional investors.

Insider Activity at Waste Management

In related news, EVP Charles C. Boettcher sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total value of $523,750.00. Following the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Waste Management news, EVP John J. Morris sold 8,889 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $207.46, for a total value of $1,844,111.94. Following the sale, the executive vice president now directly owns 95,461 shares of the company’s stock, valued at $19,804,339.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Charles C. Boettcher sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the sale, the executive vice president now directly owns 29,677 shares in the company, valued at $6,217,331.50. The disclosure for this sale can be found here. Insiders have sold a total of 13,282 shares of company stock valued at $2,754,889 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Down 0.8 %

Shares of WM stock traded down $1.76 during trading hours on Friday, reaching $210.44. 2,054,796 shares of the company’s stock were exchanged, compared to its average volume of 1,644,307. The stock’s 50 day moving average is $209.62 and its 200-day moving average is $192.19. The company has a market cap of $84.40 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 2.76 and a beta of 0.72. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the firm posted $1.31 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts predict that Waste Management, Inc. will post 7.29 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, June 7th. Waste Management’s payout ratio is 49.10%.

Analysts Set New Price Targets

WM has been the subject of several recent analyst reports. CIBC boosted their target price on Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Royal Bank of Canada boosted their price target on Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. Citigroup boosted their price target on Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Truist Financial boosted their price target on Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Robert W. Baird boosted their price target on Waste Management from $214.00 to $222.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $216.24.

Check Out Our Latest Analysis on WM

Waste Management Profile

(Free Report)

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.

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

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