Waste Management, Inc. (NYSE:WM) Stock Holdings Lowered by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,079,299 shares of the business services provider’s stock after selling 24,755 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.27% of Waste Management worth $193,302,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC grew its position in shares of Waste Management by 8.5% during the third quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock worth $4,407,000 after acquiring an additional 2,272 shares during the last quarter. Birch Hill Investment Advisors LLC grew its position in Waste Management by 5.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock valued at $1,132,000 after buying an additional 332 shares in the last quarter. Ingalls & Snyder LLC grew its position in Waste Management by 1.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 22,662 shares of the business services provider’s stock valued at $3,455,000 after buying an additional 231 shares in the last quarter. Pacer Advisors Inc. grew its position in Waste Management by 93.0% in the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after buying an additional 22,455 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Waste Management by 13,927.7% in the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock valued at $90,319,000 after buying an additional 500,701 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other Waste Management news, SVP Tara J. Hemmer sold 1,782 shares of Waste Management stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total transaction of $363,937.86. Following the sale, 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 can be accessed through this link. In other Waste Management news, SVP Tara J. Hemmer sold 1,782 shares of Waste Management stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total transaction of $363,937.86. Following the sale, 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 can be accessed through this link. Also, VP Donald J. Smith sold 329 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total transaction of $65,326.24. Following the completion of the sale, the vice president now owns 5,522 shares in the company, valued at approximately $1,096,448.32. The disclosure for this sale can be found here. Insiders have sold 30,242 shares of company stock worth $5,929,355 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.3 %

Shares of Waste Management stock opened at $205.37 on Monday. The company’s fifty day simple moving average is $205.65 and its 200-day simple moving average is $183.54. The company has a market cap of $82.41 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 3.12 and a beta of 0.72. 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, Inc. has a 1 year low of $149.71 and a 1 year high of $214.54.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.21. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.19 billion. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. During the same quarter last year, the company posted $1.30 earnings per share. As a group, sell-side analysts expect that Waste Management, Inc. will post 6.88 EPS for the current year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.75 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 1.46%. Waste Management’s dividend payout ratio (DPR) is presently 53.00%.

Wall Street Analyst Weigh In

WM has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price target on shares of Waste Management from $190.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Truist Financial raised their price target on shares of Waste Management from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. raised their price target on shares of Waste Management from $165.00 to $197.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Royal Bank of Canada assumed coverage on shares of Waste Management in a report on Monday, April 8th. They set a “sector perform” rating and a $211.00 price target for the company. Finally, HSBC cut shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price target for the company. in a report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $204.85.

About Waste Management

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.