Telos Capital Management Inc. Sells 514 Shares of Waste Management, Inc. (NYSE:WM)

Telos Capital Management Inc. trimmed its stake in Waste Management, Inc. (NYSE:WM) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,909 shares of the business services provider’s stock after selling 514 shares during the quarter. Telos Capital Management Inc.’s holdings in Waste Management were worth $4,219,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. GHP Investment Advisors Inc. boosted its stake in shares of Waste Management by 7.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 874 shares of the business services provider’s stock worth $176,000 after acquiring an additional 60 shares during the period. Buck Wealth Strategies LLC boosted its stake in shares of Waste Management by 8.6% during the 4th quarter. Buck Wealth Strategies LLC now owns 44,341 shares of the business services provider’s stock worth $8,948,000 after acquiring an additional 3,501 shares during the period. Silver Oak Securities Incorporated boosted its stake in shares of Waste Management by 149.0% during the 4th quarter. Silver Oak Securities Incorporated now owns 5,119 shares of the business services provider’s stock worth $1,035,000 after acquiring an additional 3,063 shares during the period. Financial Advocates Investment Management boosted its stake in shares of Waste Management by 3.1% during the 4th quarter. Financial Advocates Investment Management now owns 4,003 shares of the business services provider’s stock worth $808,000 after acquiring an additional 121 shares during the period. Finally, Bleakley Financial Group LLC boosted its stake in shares of Waste Management by 5.6% during the 4th quarter. Bleakley Financial Group LLC now owns 13,336 shares of the business services provider’s stock worth $2,691,000 after acquiring an additional 705 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

NYSE:WM opened at $224.77 on Friday. The stock has a fifty day moving average price of $211.98 and a 200-day moving average price of $211.34. The company has a market cap of $90.22 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.57 and a beta of 0.78. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $187.48 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.92 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. Waste Management’s dividend payout ratio is currently 44.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. UBS Group lifted their target price on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their price target on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Truist Financial boosted their price target on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, StockNews.com downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Ten 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $234.50.

Insider Buying and Selling

In other Waste Management news, VP Donald J. Smith sold 191 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.22, for a total value of $42,062.02. Following the completion of the transaction, the vice president now directly owns 6,129 shares in the company, valued at approximately $1,349,728.38. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO John A. Carroll sold 209 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,055 shares of company stock worth $2,674,780 in the last ninety days. 0.18% of the stock is owned by insiders.

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.