New Hampshire Trust Sells 53 Shares of Waste Management, Inc. (NYSE:WM)

New Hampshire Trust reduced its position in Waste Management, Inc. (NYSE:WM) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,015 shares of the business services provider’s stock after selling 53 shares during the quarter. New Hampshire Trust’s holdings in Waste Management were worth $429,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WM. Sachetta LLC acquired a new position in shares of Waste Management during the 4th quarter valued at $27,000. Gilfoyle & Co LLC acquired a new position in Waste Management during the fourth quarter worth $30,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Waste Management during the fourth quarter worth $36,000. DSM Capital Partners LLC acquired a new position in Waste Management during the fourth quarter worth $38,000. Finally, Voisard Asset Management Group Inc. acquired a new position in Waste Management during the fourth quarter worth $50,000. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

Shares of NYSE:WM opened at $208.79 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $83.74 billion, a PE ratio of 34.17, a P/E/G ratio of 2.42 and a beta of 0.74. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The company has a 50-day moving average price of $207.30 and a two-hundred day moving average price of $198.08.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $1.31 earnings per share. Equities analysts forecast that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. Waste Management’s dividend payout ratio is presently 49.10%.

Insider Activity

In other news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares in the company, valued at $9,324,156.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on WM. Truist Financial upped their price objective on shares of Waste Management from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Robert W. Baird upped their price objective on shares of Waste Management from $214.00 to $222.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. BMO Capital Markets increased their target price on shares of Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a report on Friday, April 26th. TD Cowen increased their target price on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, Oppenheimer increased their target price on shares of Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $217.61.

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.