Waste Management, Inc. (NYSE:WM) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp raised its position in Waste Management, Inc. (NYSE:WM - Free Report) by 14.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 59,276 shares of the business services provider's stock after acquiring an additional 7,637 shares during the period. Cibc World Markets Corp's holdings in Waste Management were worth $11,961,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WM. Bartlett & CO. Wealth Management LLC lifted its holdings in Waste Management by 0.8% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider's stock valued at $56,135,000 after acquiring an additional 2,127 shares during the period. Nordea Investment Management AB boosted its holdings in Waste Management by 7.1% during the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider's stock worth $854,446,000 after buying an additional 280,455 shares in the last quarter. Principal Financial Group Inc. grew its position in Waste Management by 6.2% during the third quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider's stock worth $99,759,000 after buying an additional 28,266 shares during the period. Blue Trust Inc. increased its holdings in Waste Management by 32.3% in the fourth quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider's stock valued at $1,529,000 after buying an additional 1,798 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of Waste Management by 6.4% during the 4th quarter. Czech National Bank now owns 79,192 shares of the business services provider's stock valued at $15,980,000 after acquiring an additional 4,798 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Scotiabank raised their price objective on Waste Management from $250.00 to $255.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. Oppenheimer lifted their price target on Waste Management from $231.00 to $237.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. CIBC increased their price objective on shares of Waste Management from $227.00 to $247.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. StockNews.com cut shares of Waste Management from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, William Blair reiterated an "outperform" rating on shares of Waste Management in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $236.65.

Waste Management Trading Down 0.9 %

Shares of WM stock traded down $2.14 during trading hours on Friday, hitting $224.76. 2,535,952 shares of the company were exchanged, compared to its average volume of 1,534,325. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $235.81. The firm has a fifty day moving average of $222.33 and a 200 day moving average of $215.73. The firm has a market cap of $90.38 billion, a PE ratio of 33.05, a PEG ratio of 2.71 and a beta of 0.75. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. Analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.825 dividend. This is a positive change from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, March 14th. Waste Management's payout ratio is currently 48.53%.

Insider Transactions at Waste Management

In related news, SVP Tara J. Hemmer sold 4,576 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the completion of the sale, the senior vice president now directly owns 58,765 shares of the company's stock, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Johnson Varkey sold 560 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the transaction, the senior vice president now owns 9,152 shares in the company, valued at approximately $2,014,446.72. This represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,577 shares of company stock worth $21,662,464. 0.18% of the stock is currently owned by company insiders.

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.