Citizens Financial Group Inc. RI Has $2.11 Million Position in Waste Management, Inc. (NYSE:WM)

Citizens Financial Group Inc. RI boosted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,442 shares of the business services provider's stock after buying an additional 1,552 shares during the period. Citizens Financial Group Inc. RI's holdings in Waste Management were worth $2,107,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WM. Geode Capital Management LLC grew its holdings in Waste Management by 2.1% during the third quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider's stock worth $1,686,203,000 after buying an additional 168,818 shares in the last quarter. Parnassus Investments LLC boosted its holdings in Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider's stock worth $1,063,072,000 after acquiring an additional 520,096 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider's stock worth $854,446,000 after acquiring an additional 280,455 shares in the last quarter. Amundi raised its holdings in shares of Waste Management by 0.7% in the fourth quarter. Amundi now owns 3,897,959 shares of the business services provider's stock valued at $803,819,000 after purchasing an additional 25,801 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Waste Management by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,961,563 shares of the business services provider's stock valued at $597,614,000 after purchasing an additional 157,082 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Insider Transactions at Waste Management

In related news, SVP Johnson Varkey sold 124 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $234.96, for a total value of $29,135.04. Following the sale, the senior vice president now directly owns 8,491 shares of the company's stock, valued at $1,995,045.36. This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John J. Morris sold 19,153 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the completion of the transaction, the executive vice president now directly owns 85,257 shares in the company, valued at $19,158,100.47. The trade was a 18.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,577 shares of company stock valued at $21,662,464. 0.18% of the stock is currently owned by company insiders.

Waste Management Price Performance

Shares of NYSE WM opened at $224.25 on Wednesday. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $235.81. The stock has a market cap of $90.18 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. The stock has a fifty day moving average of $219.18 and a 200-day moving average of $215.04.

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Waste Management (NYSE:WM - Get Free Report) last posted its 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%. Equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

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

Analyst Upgrades and Downgrades

WM has been the subject of several analyst reports. 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. William Blair reiterated an "outperform" rating on shares of Waste Management in a report on Friday, January 31st. Oppenheimer boosted their price objective on Waste Management from $231.00 to $237.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Scotiabank raised their target price on Waste Management from $250.00 to $255.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. Finally, Raymond James increased their price target on shares of Waste Management from $235.00 to $237.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $236.65.

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.

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