OP Asset Management Ltd acquired a new position in Waste Management, Inc. (NYSE:WM – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 40,834 shares of the business services provider’s stock, valued at approximately $9,383,000.
A number of other institutional investors have also recently bought and sold shares of the business. Banque Cantonale Vaudoise raised its stake in shares of Waste Management by 1.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 55,865 shares of the business services provider’s stock worth $12,837,000 after purchasing an additional 835 shares during the period. Apella Capital LLC increased its holdings in Waste Management by 49.6% during the first quarter. Apella Capital LLC now owns 4,786 shares of the business services provider’s stock worth $1,072,000 after buying an additional 1,587 shares during the last quarter. Miller Howard Investments Inc. NY raised its position in Waste Management by 8.1% in the first quarter. Miller Howard Investments Inc. NY now owns 45,419 shares of the business services provider’s stock worth $10,437,000 after acquiring an additional 3,384 shares during the period. Faithward Advisors LLC boosted its stake in Waste Management by 132.5% in the first quarter. Faithward Advisors LLC now owns 10,712 shares of the business services provider’s stock valued at $2,462,000 after acquiring an additional 6,104 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Waste Management by 2.7% in the first quarter. CENTRAL TRUST Co now owns 25,501 shares of the business services provider’s stock valued at $5,860,000 after acquiring an additional 667 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.
Waste Management Trading Down 0.2%
NYSE:WM opened at $222.83 on Friday. The company has a market cap of $89.48 billion, a P/E ratio of 32.25, a P/E/G ratio of 2.33 and a beta of 0.45. The stock’s fifty day moving average price is $220.17 and its two-hundred day moving average price is $224.88. Waste Management, Inc. has a 1 year low of $194.11 and a 1 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.
Waste Management Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a dividend of $0.945 per share. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. Waste Management’s dividend payout ratio is currently 54.70%.
Analysts Set New Price Targets
WM has been the subject of several research analyst reports. Barclays raised 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. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Wells Fargo & Company decreased their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. TD Cowen upped their price target 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, JPMorgan Chase & Co. increased their price target on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.30.
View Our Latest Stock Report 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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