American Institute for Advanced Investment Management LLP Sells 180 Shares of Waste Management, Inc. (NYSE:WM)

American Institute for Advanced Investment Management LLP lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,960 shares of the business services provider’s stock after selling 180 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in Waste Management were worth $396,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates grew its stake in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. bought a new position in Waste Management in the 4th quarter valued at about $29,000. Sugar Maple Asset Management LLC bought a new stake in shares of Waste Management during the fourth quarter worth approximately $35,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management in the second quarter valued at approximately $36,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on WM shares. Oppenheimer upped their price target on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. CIBC increased their target price on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. William Blair initiated coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Finally, Truist Financial upped their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $231.39.

Insider Buying and Selling at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

Waste Management stock opened at $209.93 on Thursday. The business has a 50 day moving average of $212.43 and a 200-day moving average of $211.29. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 1 year low of $184.72 and a 1 year high of $230.39. The company has a market capitalization of $84.26 billion, a P/E ratio of 32.10, a P/E/G ratio of 2.17 and a beta of 0.77.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s payout ratio is presently 45.87%.

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.