Baldwin Investment Management LLC Sells 750 Shares of Waste Management, Inc. (NYSE:WM)

Baldwin Investment Management LLC cut its position in Waste Management, Inc. (NYSE:WM) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,641 shares of the business services provider’s stock after selling 750 shares during the period. Baldwin Investment Management LLC’s holdings in Waste Management were worth $2,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trium Capital LLP lifted its holdings in shares of Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after purchasing an additional 3,029 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Waste Management by 77.4% during the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after buying an additional 5,367 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of 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 acquiring an additional 2,800 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Waste Management by 32.1% during the 3rd 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 during the last quarter. Finally, Swedbank AB raised its stake in shares of 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 purchasing an additional 709,678 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WM. Truist Financial boosted their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. William Blair began coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Morgan Stanley increased their price objective on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Oppenheimer boosted their target price on Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a report on Saturday. Eleven analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $226.11.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM opened at $227.45 on Wednesday. The business has a fifty day moving average price of $213.68 and a 200-day moving average price of $210.32. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a market capitalization of $91.29 billion, a PE ratio of 34.78, a PEG ratio of 2.37 and a beta of 0.74. Waste Management, Inc. has a 1-year low of $168.73 and a 1-year high of $228.52.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the business earned $1.63 EPS. Waste Management’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.32%. Waste Management’s dividend payout ratio is 45.87%.

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.