World Investment Advisors Has $4.11 Million Stake in Waste Management, Inc. $WM

World Investment Advisors grew its holdings in Waste Management, Inc. (NYSE:WM) by 39.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,716 shares of the business services provider’s stock after buying an additional 5,284 shares during the quarter. World Investment Advisors’ holdings in Waste Management were worth $4,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Waste Management in the 4th quarter valued at about $1,022,916,000. Capital International Investors grew its stake in shares of Waste Management by 218.3% during the third quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock valued at $302,494,000 after purchasing an additional 939,455 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of Waste Management by 163.7% in the third quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock valued at $309,317,000 after purchasing an additional 869,453 shares in the last quarter. Corient Private Wealth LLC raised its position in Waste Management by 279.0% in the 4th quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock worth $236,387,000 after purchasing an additional 792,037 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Waste Management by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock worth $8,487,924,000 after buying an additional 774,255 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 2.3%

NYSE:WM opened at $221.12 on Wednesday. The business’s 50-day simple moving average is $223.34 and its 200-day simple moving average is $224.65. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week 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. The stock has a market capitalization of $88.80 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.45.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. Sell-side analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s payout ratio is currently 54.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WM shares. Royal Bank Of Canada lifted their target price on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Robert W. Baird raised their price target on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. TD Cowen lifted their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, May 27th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Company 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.