TKG Advisors LLC Reduces Stock Holdings in Waste Management, Inc. (NYSE:WM)

TKG Advisors LLC decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 1.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,348 shares of the business services provider’s stock after selling 146 shares during the quarter. TKG Advisors LLC’s holdings in Waste Management were worth $2,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of WM. Activest Wealth Management raised its position in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates increased its holdings in shares of 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 purchasing an additional 125 shares in the last quarter. General Partner Inc. acquired a new stake in shares of Waste Management in the fourth quarter valued at about $29,000. Sugar Maple Asset Management LLC acquired a new position in Waste Management during the fourth quarter worth about $35,000. Finally, Richardson Financial Services Inc. grew its position in Waste Management by 65.7% during 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 during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, CAO John A. Carroll sold 209 shares of the 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 sale, the chief accounting officer now directly owns 9,066 shares of the company’s stock, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Donald J. Smith sold 191 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the sale, the vice president now directly owns 6,129 shares of the company’s stock, valued at $1,349,728.38. This represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,055 shares of company stock valued at $3,578,340 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Performance

WM stock opened at $228.38 on Wednesday. The firm has a market cap of $91.66 billion, a PE ratio of 33.59, a P/E/G ratio of 2.74 and a beta of 0.78. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The business’s 50-day moving average price is $212.57 and its two-hundred day moving average price is $212.59. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $230.39.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. As a group, research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.825 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, March 14th. Waste Management’s dividend payout ratio (DPR) is 44.12%.

Analysts Set New Price Targets

WM has been the topic of several recent research reports. UBS Group boosted their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Jefferies Financial Group decreased their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets increased their price target on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Raymond James increased their target price on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their target price on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Nine research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.94.

Waste Management Company 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.