Mediolanum International Funds Ltd lifted its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 47.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 201,548 shares of the business services provider’s stock after buying an additional 64,661 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Waste Management were worth $40,667,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Waste Management by 0.8% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after acquiring an additional 2,127 shares during the period. Nordea Investment Management AB lifted its position in Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after purchasing an additional 280,455 shares during the period. Trium Capital LLP boosted its holdings in Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after purchasing an additional 3,029 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after purchasing an additional 5,367 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Waste Management by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock valued at $99,759,000 after buying an additional 28,266 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.
Wall Street Analyst Weigh In
WM has been the subject of several research analyst reports. Oppenheimer increased their price objective on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Argus increased their price target on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. CIBC boosted their price objective on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Jefferies Financial Group dropped their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Royal Bank of Canada boosted their price target on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.39.
Insider Buying and Selling
In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.
Waste Management Stock Up 6.2 %
Shares of NYSE WM opened at $222.57 on Friday. The firm has a market cap of $89.33 billion, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 1 year low of $184.72 and a 1 year high of $230.39. The firm’s 50 day moving average price is $212.26 and its 200 day moving average price is $211.28.
Waste Management (NYSE:WM – Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.99 earnings per share for the current year.
Waste Management Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. Waste Management’s payout ratio is currently 44.12%.
About Waste Management
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.
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