Locust Wood Capital Advisers LLC reduced its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 448,341 shares of the business services provider’s stock after selling 22,540 shares during the period. Waste Management makes up 2.4% of Locust Wood Capital Advisers LLC’s holdings, making the stock its 19th biggest position. Locust Wood Capital Advisers LLC’s holdings in Waste Management were worth $98,505,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in WM. Norges Bank acquired a new stake in shares of Waste Management during the 4th quarter worth approximately $1,022,916,000. Capital International Investors increased its holdings in Waste Management by 218.3% in the 3rd quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock valued at $302,494,000 after purchasing an additional 939,455 shares during the last quarter. Holocene Advisors LP lifted its stake in Waste Management by 163.7% during the third quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock worth $309,317,000 after purchasing an additional 869,453 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Waste Management by 2.1% during the third quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock worth $8,487,924,000 after purchasing an additional 774,255 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Waste Management by 3,209.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock worth $150,466,000 after buying an additional 660,776 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.
Waste Management Price Performance
Shares of NYSE:WM opened at $220.45 on Monday. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a 50-day moving average price of $223.62 and a 200 day moving average price of $224.58. The company has a market cap of $88.53 billion, a P/E ratio of 31.90, a PEG ratio of 2.30 and a beta of 0.45. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.
Waste Management Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s payout ratio is 54.70%.
Analyst Ratings Changes
Several equities analysts have commented on WM shares. Barclays boosted their price target on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their target price on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Robert W. Baird raised their price objective on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Wells Fargo & Company decreased their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their target price on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $255.67.
View Our Latest Stock Analysis on Waste Management
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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