Global Trust Asset Management LLC Has $28,000 Holdings in Waste Management, Inc. (NYSE:WM)

Global Trust Asset Management LLC lowered its position in Waste Management, Inc. (NYSE:WM) by 61.9% during the first quarter, Holdings Channel reports. The firm owned 122 shares of the business services provider’s stock after selling 198 shares during the period. Global Trust Asset Management LLC’s holdings in Waste Management were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WM. Insigneo Advisory Services LLC raised its stake in Waste Management by 38.9% during the first quarter. Insigneo Advisory Services LLC now owns 4,868 shares of the business services provider’s stock worth $1,127,000 after buying an additional 1,364 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its holdings in Waste Management by 1.8% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 9,677 shares of the business services provider’s stock worth $2,240,000 after acquiring an additional 170 shares during the period. Chicago Capital LLC raised its position in shares of Waste Management by 5.1% in the 1st quarter. Chicago Capital LLC now owns 16,786 shares of the business services provider’s stock worth $3,886,000 after acquiring an additional 820 shares in the last quarter. WD Rutherford LLC acquired a new position in shares of Waste Management in the 1st quarter valued at about $1,412,000. Finally, Grove Bank & Trust boosted its position in shares of Waste Management by 37.9% during the 1st quarter. Grove Bank & Trust now owns 1,819 shares of the business services provider’s stock valued at $421,000 after purchasing an additional 500 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the transaction, the chief financial officer now owns 83,934 shares in the company, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the sale, the senior vice president now directly owns 16,542 shares in the company, valued at approximately $3,917,311.02. This represents a 3.91% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Trading Down 0.2%

NYSE WM opened at $234.11 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65. The business has a fifty day simple moving average of $232.71 and a 200 day simple moving average of $223.88. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $242.58. The firm has a market capitalization of $94.21 billion, a P/E ratio of 35.31, a PEG ratio of 3.10 and a beta of 0.66.

Waste Management (NYSE:WM) last announced its earnings results on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.59 by $0.08. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. The company had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.41%. Waste Management’s payout ratio is presently 49.77%.

Analyst Ratings Changes

A number of equities analysts have issued reports on WM shares. UBS Group increased their price target on Waste Management from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. National Bank Financial upgraded shares of Waste Management to a “hold” rating in a research report on Monday, May 26th. Citigroup raised their price target on shares of Waste Management from $260.00 to $271.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Melius Research upgraded shares of Waste Management to a “strong-buy” rating and set a $263.00 price objective on the stock in a report on Monday, June 9th. Finally, Melius began coverage on Waste Management in a research note on Monday, June 9th. They issued a “buy” rating for the company. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $248.00.

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.