Bryn Mawr Capital Management LLC Sells 110 Shares of Waste Management, Inc. (NYSE:WM)

Bryn Mawr Capital Management LLC reduced its stake in Waste Management, Inc. (NYSE:WM) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,441 shares of the business services provider’s stock after selling 110 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Waste Management were worth $291,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WM. Swedbank AB raised its stake in Waste Management by 67.2% in the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after buying an additional 709,678 shares in the last quarter. Parnassus Investments LLC raised its stake in Waste Management by 11.3% in the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after buying an additional 520,096 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Waste Management by 32.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after purchasing an additional 437,613 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Waste Management by 138.0% during the third quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock valued at $149,168,000 after purchasing an additional 416,579 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Waste Management by 7.1% during the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after purchasing an additional 280,455 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Insider Activity at Waste Management

In other news, VP Donald J. Smith sold 191 shares of the business’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 owns 6,129 shares in the company, valued at approximately $1,349,728.38. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James C. Fish, Jr. sold 44,405 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $228.43, for a total value of $10,143,434.15. Following the sale, the chief executive officer now owns 211,061 shares in the company, valued at $48,212,664.23. The trade was a 17.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,192 shares of company stock worth $15,025,861 over the last three months. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WM. Oppenheimer raised their target price on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Argus raised their target price on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley raised their target price on shares of Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Citigroup raised their price target on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.94.

Waste Management Stock Up 0.5 %

NYSE:WM opened at $229.73 on Friday. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $232.44. The company has a market cap of $92.38 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. The stock has a fifty day simple moving average of $215.17 and a 200-day simple moving average of $213.69. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73.

Waste Management (NYSE:WM) last released its earnings results 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 37.93% and a net margin of 12.45%. Analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued 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 dividend yield of 1.44%. The ex-dividend date is Friday, March 14th. Waste Management’s payout ratio is presently 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.