Waste Management, Inc. (NYSE:WM) Shares Purchased by Integrated Advisors Network LLC

Integrated Advisors Network LLC raised its position in Waste Management, Inc. (NYSE:WM) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,430 shares of the business services provider’s stock after acquiring an additional 300 shares during the quarter. Integrated Advisors Network LLC’s holdings in Waste Management were worth $1,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WM. Vanguard Group Inc. lifted its holdings in Waste Management by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 37,300,278 shares of the business services provider’s stock worth $7,526,823,000 after buying an additional 538,567 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Waste Management by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,210,371 shares of the business services provider’s stock worth $1,654,173,000 after acquiring an additional 64,260 shares during the period. Parnassus Investments LLC raised its stake in shares of Waste Management by 22.5% in the fourth quarter. Parnassus Investments LLC now owns 6,272,009 shares of the business services provider’s stock valued at $1,265,629,000 after acquiring an additional 1,151,237 shares in the last quarter. Norges Bank purchased a new position in Waste Management in the fourth quarter valued at $1,009,726,000. Finally, Ameriprise Financial Inc. increased its holdings in Waste Management by 5.8% during the 4th quarter. Ameriprise Financial Inc. now owns 4,076,447 shares of the business services provider’s stock worth $822,588,000 after purchasing an additional 224,279 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Price Performance

WM stock opened at $237.01 on Tuesday. The business has a 50 day simple moving average of $229.43 and a 200-day simple moving average of $222.37. The company has a market capitalization of $95.38 billion, a P/E ratio of 34.85, a PEG ratio of 2.71 and a beta of 0.67. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $239.48. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.08. Waste Management had a net margin of 12.45% and a return on equity of 37.93%. The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period in the previous year, the business posted $1.75 earnings per share. Waste Management’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a yield of 1.39%. Waste Management’s payout ratio is 49.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WM. Wall Street Zen raised Waste Management from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. Oppenheimer boosted their price target on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. CIBC raised their price objective on shares of Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Tuesday, April 29th. Finally, HSBC upgraded Waste Management from a “hold” rating to a “buy” rating and raised their price target for the company from $210.00 to $265.00 in a research note on Friday, April 25th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $247.06.

Insider Buying and Selling at Waste Management

In other news, EVP John J. Morris sold 19,153 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $224.71, for a total value of $4,303,870.63. Following the completion of the sale, the executive vice president now owns 85,257 shares in the company, valued at approximately $19,158,100.47. This trade represents a 18.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Johnson Varkey sold 124 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $234.96, for a total transaction of $29,135.04. Following the transaction, the senior vice president now owns 8,491 shares in the company, valued at approximately $1,995,045.36. This trade represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,385 shares of company stock worth $6,636,603. 0.18% of the stock is currently owned by insiders.

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.