Pine Valley Investments Ltd Liability Co Sells 126 Shares of Waste Management, Inc. (NYSE:WM)

Pine Valley Investments Ltd Liability Co lowered its position in Waste Management, Inc. (NYSE:WM) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,228 shares of the business services provider’s stock after selling 126 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Waste Management were worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its stake in shares of Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in shares of Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. General Partner Inc. bought a new position in Waste Management in the fourth quarter worth approximately $29,000. Sugar Maple Asset Management LLC bought a new position in Waste Management in the fourth quarter worth approximately $35,000. Finally, Richardson Financial Services Inc. raised its stake in Waste Management by 65.7% in the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after buying an additional 69 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other news, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.59, for a total transaction of $152,868.87. Following the completion of the sale, the executive vice president now directly owns 45,542 shares of the company’s stock, valued at approximately $10,046,109.78. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James C. Fish, Jr. sold 44,405 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the completion of the sale, the chief executive officer now directly owns 211,061 shares of the company’s stock, valued at approximately $48,212,664.23. This trade represents a 17.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,192 shares of company stock valued at $15,025,861. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WM. JPMorgan Chase & Co. boosted their price objective on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Raymond James boosted their price objective on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Truist Financial boosted their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Finally, Citigroup boosted their price objective on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.94.

Waste Management Stock Down 0.9 %

Shares of NYSE WM opened at $228.64 on Thursday. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $232.44. The stock has a market cap of $91.94 billion, a PE ratio of 33.62, a P/E/G ratio of 2.71 and a beta of 0.78. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The company has a 50-day moving average of $214.69 and a 200 day moving average of $213.58.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.825 per share. This is a boost from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, March 14th. Waste Management’s payout ratio is 48.53%.

Waste Management 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.