Waste Management, Inc. (NYSE:WM) Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC reduced its position in Waste Management, Inc. (NYSE:WMFree Report) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,304 shares of the business services provider’s stock after selling 7,125 shares during the period. Jackson Square Partners LLC’s holdings in Waste Management were worth $10,800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Morgan Stanley grew its position in shares of Waste Management by 0.7% in the 3rd quarter. Morgan Stanley now owns 6,963,527 shares of the business services provider’s stock worth $1,061,521,000 after acquiring an additional 46,084 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Waste Management by 16.9% in the 3rd quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider’s stock valued at $827,815,000 after buying an additional 776,491 shares during the period. Ameriprise Financial Inc. raised its stake in Waste Management by 1.3% during the third quarter. Ameriprise Financial Inc. now owns 5,213,330 shares of the business services provider’s stock worth $794,174,000 after acquiring an additional 66,816 shares during the period. Northern Trust Corp grew its holdings in shares of Waste Management by 2.3% during the third quarter. Northern Trust Corp now owns 4,065,843 shares of the business services provider’s stock valued at $619,797,000 after purchasing an additional 90,129 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Waste Management by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 2,446,103 shares of the business services provider’s stock worth $372,886,000 after purchasing an additional 9,001 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Tara J. Hemmer sold 1,782 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total value of $363,937.86. Following the transaction, the senior vice president now owns 55,591 shares in the company, valued at $11,353,349.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Tara J. Hemmer sold 1,782 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total transaction of $363,937.86. Following the transaction, the senior vice president now owns 55,591 shares of the company’s stock, valued at approximately $11,353,349.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the transaction, the executive vice president now owns 29,677 shares in the company, valued at approximately $6,217,331.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,282 shares of company stock worth $2,754,889. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Down 0.8 %

NYSE:WM traded down $1.76 during trading hours on Friday, hitting $210.44. 2,054,796 shares of the stock traded hands, compared to its average volume of 1,644,307. The firm has a market cap of $84.40 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 2.76 and a beta of 0.72. The firm has a 50 day moving average price of $209.62 and a 200 day moving average price of $192.19. 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 announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $1.31 EPS. Equities research analysts anticipate that Waste Management, Inc. will post 7.29 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, June 7th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Analyst Ratings Changes

WM has been the subject of several recent research reports. Royal Bank of Canada upped 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, April 26th. Robert W. Baird lifted 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. TD Cowen raised their target price on Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Oppenheimer increased their price target on Waste Management from $221.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Raymond James lifted 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. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $216.24.

Read Our Latest Analysis on Waste Management

Waste Management Company 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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