World Investment Advisors grew its stake in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 39.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,716 shares of the business services provider’s stock after purchasing an additional 5,284 shares during the period. World Investment Advisors’ holdings in Waste Management were worth $4,112,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new stake in Waste Management in the 4th quarter worth about $25,000. Cornerstone Planning Group LLC lifted its stake in Waste Management by 101.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after acquiring an additional 67 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Waste Management in the 3rd quarter worth about $30,000. Kelleher Financial Advisors purchased a new stake in Waste Management in the 4th quarter worth about $31,000. Finally, Holos Integrated Wealth LLC purchased a new stake in Waste Management in the 4th quarter worth about $40,000. 80.40% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
WM has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Oppenheimer upped their target price on Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Robert W. Baird upped their target price on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. upped their target price on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Finally, Stifel Nicolaus upped their target price on Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.67.
Waste Management Stock Performance
Shares of NYSE WM opened at $218.60 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market cap of $87.79 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 2.26 and a beta of 0.49. The business’s 50-day simple moving average is $229.69 and its 200-day simple moving average is $222.94. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13.
Waste Management (NYSE:WM – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 EPS. As a group, equities research analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.
Waste Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. Waste Management’s dividend payout ratio is currently 54.70%.
Insider Buying and Selling at Waste Management
In other news, VP Donald J. Smith sold 12,194 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $233.48, for a total transaction of $2,847,055.12. Following the transaction, the vice president owned 6,024 shares of the company’s stock, valued at approximately $1,406,483.52. This represents a 66.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Johnson Varkey sold 617 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $244.13, for a total value of $150,628.21. Following the completion of the sale, the senior vice president directly owned 9,607 shares in the company, valued at $2,345,356.91. This trade represents a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,490 shares of company stock worth $11,416,338 in the last 90 days. Company insiders own 0.18% of the company’s stock.
Waste Management Company Profile
Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.
Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.
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