Aviva PLC increased its stake in Waste Management, Inc. (NYSE:WM – Free Report) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 626,152 shares of the business services provider’s stock after purchasing an additional 16,899 shares during the quarter. Aviva PLC’s holdings in Waste Management were worth $137,572,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of WM. Elevated Capital Advisors LLC bought a new position in shares of Waste Management in the fourth quarter worth approximately $25,000. RHL Group LLC bought a new position in shares of Waste Management in the fourth quarter worth approximately $29,000. JPL Wealth Management LLC bought a new position in shares of Waste Management in the third quarter worth approximately $30,000. Kelleher Financial Advisors bought a new position in shares of Waste Management in the fourth quarter worth approximately $31,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Waste Management in the fourth quarter worth approximately $34,000. 80.40% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, May 27th. Barclays increased their price target on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird increased their price target on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $255.30.
Waste Management Stock Down 2.4%
Shares of NYSE WM opened at $218.90 on Friday. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The firm’s 50 day simple moving average is $223.01 and its two-hundred day simple moving average is $224.72. The stock has a market capitalization of $87.90 billion, a P/E ratio of 31.68, a PEG ratio of 2.34 and a beta of 0.45.
Waste Management (NYSE:WM – Get Free Report) last issued its quarterly earnings results 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. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the business earned $1.67 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts expect that Waste Management, Inc. will post 8.15 EPS 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 paid a dividend of $0.945 per share. 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 dividend payout ratio is 54.70%.
Waste Management 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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