World Investment Advisors Purchases 5,284 Shares of Waste Management, Inc. $WM

World Investment Advisors raised its holdings in Waste Management, Inc. (NYSE:WMFree Report) by 39.3% in the fourth quarter, according to 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 acquiring an additional 5,284 shares during the quarter. World Investment Advisors’ holdings in Waste Management were worth $4,112,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of Waste Management in the fourth quarter valued at approximately $10,206,000. Capital Advisors Inc. OK raised its stake in Waste Management by 2.0% during the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock valued at $43,192,000 after purchasing an additional 3,880 shares during the last quarter. Central Bank & Trust Co. boosted its holdings in Waste Management by 333.1% in the 4th quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock valued at $1,855,000 after purchasing an additional 6,493 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Waste Management by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 793,346 shares of the business services provider’s stock worth $173,774,000 after purchasing an additional 104,843 shares during the last quarter. Finally, Goodman Financial Corp bought a new position in shares of Waste Management during the 4th quarter worth about $16,898,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the subject of several research reports. Wells Fargo & Company reduced their target price 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. Barclays upped their price target on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. TD Cowen boosted their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada upped their target price on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

View Our Latest Stock Report on Waste Management

Waste Management Stock Up 2.3%

NYSE WM opened at $221.12 on Wednesday. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13. The company has a market capitalization of $88.80 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.26 and a beta of 0.45. The stock’s 50 day moving average is $223.34 and its two-hundred day moving average is $224.65. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WMGet Free Report) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS. Equities analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. Waste Management’s dividend payout ratio is presently 54.70%.

Waste Management Profile

(Free Report)

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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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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