Xponance LLC raised its position in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 100,080 shares of the business services provider’s stock after purchasing an additional 5,178 shares during the quarter. Xponance LLC’s holdings in Waste Management were worth $21,989,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Waste Management by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after purchasing an additional 553,605 shares during the period. Geode Capital Management LLC increased its position in Waste Management by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock valued at $1,972,371,000 after purchasing an additional 117,476 shares during the period. Ameriprise Financial Inc. grew its position in shares of Waste Management by 5.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock worth $1,250,613,000 after buying an additional 277,250 shares during the period. Norges Bank acquired a new stake in shares of Waste Management during the 4th quarter worth approximately $1,022,916,000. Finally, Northern Trust Corp grew its position in shares of Waste Management by 0.3% during the 3rd quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock worth $873,276,000 after buying an additional 11,688 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.
Waste Management Price Performance
Shares of WM opened at $218.90 on Friday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The business’s fifty day moving average is $223.01 and its 200 day moving average is $224.72. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The stock has a market cap of $87.90 billion, a P/E ratio of 31.68, a P/E/G ratio of 2.34 and a beta of 0.45.
Waste Management Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.945 per share. The ex-dividend date is Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is 54.70%.
Analyst Ratings Changes
WM has been the subject of several recent analyst reports. Royal Bank Of Canada raised their price objective on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Wells Fargo & Company reduced 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 report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, May 27th. TD Cowen raised 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. Finally, Barclays raised their price objective on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.30.
Check Out Our Latest Analysis on WM
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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