Texas Permanent School Fund Corp Has $16.15 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Texas Permanent School Fund Corp grew its stake in Waste Management, Inc. (NYSE:WM) by 0.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,764 shares of the business services provider’s stock after buying an additional 88 shares during the period. Texas Permanent School Fund Corp’s holdings in Waste Management were worth $16,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Hexagon Capital Partners LLC grew its stake in Waste Management by 170.5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares during the period. Sachetta LLC acquired a new stake in Waste Management in the fourth quarter valued at approximately $27,000. Opal Wealth Advisors LLC acquired a new stake in Waste Management in the first quarter valued at approximately $35,000. Gilfoyle & Co LLC acquired a new stake in Waste Management in the fourth quarter valued at approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Waste Management in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

WM has been the topic of a number of recent research reports. Stifel Nicolaus upped their price target on Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Erste Group Bank reiterated a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. Oppenheimer boosted their price objective on Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. BMO Capital Markets boosted their price objective on Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Finally, Jefferies Financial Group upped their target price on Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.33.

Waste Management Trading Up 0.3 %

WM stock traded up $0.60 during trading on Thursday, hitting $211.78. 1,161,347 shares of the company traded hands, compared to its average volume of 1,707,479. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $214.54. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. The company has a 50-day moving average of $208.16 and a 200-day moving average of $201.72. The firm has a market capitalization of $84.94 billion, a PE ratio of 34.56, a P/E/G ratio of 2.45 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter last year, the business posted $1.31 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Analysts predict that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, June 7th. Waste Management’s dividend payout ratio (DPR) is currently 49.10%.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.