Curi RMB Capital LLC Has $231,000 Stock Position in Waste Management, Inc. (NYSE:WM)

Curi RMB Capital LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 70.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,144 shares of the business services provider’s stock after selling 2,684 shares during the quarter. Curi RMB Capital LLC’s holdings in Waste Management were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Global Wealth Strategies & Associates lifted its stake in Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the period. General Partner Inc. bought a new stake in Waste Management in the fourth quarter valued at $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Waste Management in the 4th quarter valued at $33,000. Hurley Capital LLC acquired a new stake in shares of Waste Management during the 4th quarter worth about $34,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Waste Management in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on WM shares. Citigroup raised their price objective on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Scotiabank boosted their price objective on Waste Management from $255.00 to $260.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 8th. Oppenheimer lifted their price target on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Finally, Morgan Stanley raised their price target on shares of Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $237.76.

Insider Buying and Selling

In other news, VP Donald J. Smith sold 191 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.22, for a total transaction of $42,062.02. Following the completion of the transaction, the vice president now directly owns 6,129 shares in the company, valued at $1,349,728.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Tara J. Hemmer sold 4,576 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the transaction, the senior vice president now directly owns 58,765 shares of the company’s stock, valued at $13,052,881.80. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,577 shares of company stock worth $21,662,464. 0.18% of the stock is owned by corporate insiders.

Waste Management Trading Down 1.4 %

Shares of NYSE WM opened at $227.61 on Tuesday. The stock has a market cap of $91.57 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 2.71 and a beta of 0.66. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $239.32. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The company’s fifty day moving average is $227.89 and its 200-day moving average is $219.24.

Waste Management (NYSE:WM) last released its quarterly earnings data 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 net margin of 12.45% and a return on equity of 37.93%. Equities research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. Waste Management’s payout ratio is 48.53%.

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.