Kentucky Retirement Systems Has $5.06 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Kentucky Retirement Systems reduced its holdings in Waste Management, Inc. (NYSE:WM) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,096 shares of the business services provider’s stock after selling 346 shares during the quarter. Kentucky Retirement Systems’ holdings in Waste Management were worth $5,064,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Trinity Legacy Partners LLC increased its position in Waste Management by 5.1% in the 4th quarter. Trinity Legacy Partners LLC now owns 30,409 shares of the business services provider’s stock valued at $6,136,000 after buying an additional 1,480 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Waste Management by 162.5% during the fourth quarter. Wolverine Asset Management LLC now owns 21,000 shares of the business services provider’s stock valued at $4,238,000 after acquiring an additional 13,000 shares in the last quarter. Mattern Capital Management LLC raised its position in shares of Waste Management by 10.4% during the fourth quarter. Mattern Capital Management LLC now owns 2,720 shares of the business services provider’s stock worth $549,000 after purchasing an additional 256 shares during the period. Forte Capital LLC ADV lifted its holdings in shares of Waste Management by 19.4% in the 4th quarter. Forte Capital LLC ADV now owns 18,094 shares of the business services provider’s stock worth $3,651,000 after purchasing an additional 2,938 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in Waste Management by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 20,246 shares of the business services provider’s stock valued at $4,085,000 after purchasing an additional 265 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WM shares. Truist Financial raised their price objective on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group dropped their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. BMO Capital Markets raised their target price on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Argus increased their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. 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. Based on data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $235.94.

Waste Management Trading Down 0.5 %

Shares of WM stock opened at $227.89 on Friday. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $230.39. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The company has a 50 day moving average of $213.43 and a 200-day moving average of $213.00. The firm has a market cap of $91.47 billion, a P/E ratio of 33.51, a PEG ratio of 2.71 and a beta of 0.78.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) 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 38.88%. Sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.825 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 14th. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.

Insider Activity

In related news, SVP Tara J. Hemmer sold 4,576 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the sale, the senior vice president now owns 58,765 shares of the company’s stock, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles C. Boettcher sold 693 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.59, for a total value of $152,868.87. Following the sale, the executive vice president now owns 45,542 shares in the company, valued at approximately $10,046,109.78. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,055 shares of company stock valued at $3,578,340 over the last quarter. Company insiders own 0.18% of the company’s stock.

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.