Newbridge Financial Services Group Inc. Has $559,000 Holdings in Waste Management, Inc. (NYSE:WM)

Newbridge Financial Services Group Inc. lowered its position in Waste Management, Inc. (NYSE:WM) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,772 shares of the business services provider’s stock after selling 215 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Waste Management were worth $559,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in WM. Watts Gwilliam & Co. LLC acquired a new position in Waste Management during the third quarter worth $216,000. Fermata Advisors LLC boosted its position in shares of Waste Management by 9.0% in the third quarter. Fermata Advisors LLC now owns 1,559 shares of the business services provider’s stock valued at $324,000 after acquiring an additional 129 shares during the period. Iowa State Bank bought a new stake in Waste Management in the 3rd quarter valued at $1,754,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in Waste Management by 417.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock worth $720,000 after buying an additional 2,800 shares in the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in Waste Management by 2.4% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 10,885 shares of the business services provider’s stock valued at $2,260,000 after acquiring an additional 260 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Truist Financial increased their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Stifel Nicolaus increased their price objective on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Scotiabank upped their target price on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Finally, Argus upped their price objective on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 4,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $225.89, for a total transaction of $903,560.00. Following the completion of the sale, the senior vice president now owns 18,531 shares of the company’s stock, valued at approximately $4,185,967.59. This represents a 17.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO John A. Carroll sold 209 shares of Waste Management stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the transaction, the chief accounting officer now directly owns 9,066 shares of the company’s stock, valued at $1,999,506.30. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,055 shares of company stock worth $3,578,340. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

NYSE:WM opened at $224.94 on Friday. Waste Management, Inc. has a one year low of $187.48 and a one year high of $230.39. The company has a market cap of $90.28 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.70 and a beta of 0.78. The firm’s fifty day moving average price is $211.84 and its two-hundred day moving average price is $211.44. 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 (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Equities analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.33%. Waste Management’s payout ratio is 44.12%.

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.