Elo Mutual Pension Insurance Co Has $7.39 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Elo Mutual Pension Insurance Co decreased its position in Waste Management, Inc. (NYSE:WM - Free Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,624 shares of the business services provider's stock after selling 1,469 shares during the period. Elo Mutual Pension Insurance Co's holdings in Waste Management were worth $7,390,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Waste Management in the 4th quarter valued at about $340,611,000. Parnassus Investments LLC increased its stake in Waste Management by 22.5% in the 4th quarter. Parnassus Investments LLC now owns 6,272,009 shares of the business services provider's stock valued at $1,265,629,000 after buying an additional 1,151,237 shares during the period. Vanguard Group Inc. lifted its position in Waste Management by 1.5% in 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. National Bank of Canada FI grew its holdings in shares of Waste Management by 138.0% during the 3rd quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider's stock valued at $149,168,000 after acquiring an additional 416,579 shares in the last quarter. Finally, Robeco Schweiz AG acquired a new position in shares of Waste Management in the fourth quarter worth $60,668,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

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Waste Management Stock Performance

Shares of WM traded up $1.75 during mid-day trading on Tuesday, hitting $233.26. The company's stock had a trading volume of 391,378 shares, compared to its average volume of 1,612,601. The stock's 50-day moving average is $224.97 and its two-hundred day moving average is $216.79. The firm has a market capitalization of $93.80 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. 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 one year low of $196.59 and a one year high of $235.81.

Waste Management (NYSE:WM - Get Free Report) last issued 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%. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.41%. This is a positive change from Waste Management's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. Waste Management's payout ratio is currently 48.53%.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on Waste Management from $243.00 to $252.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. StockNews.com cut Waste Management from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Oppenheimer raised their price objective on shares of Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Scotiabank increased their price target on shares of Waste Management from $250.00 to $255.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 3rd. Finally, William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $236.65.

Insiders Place Their Bets

In other news, SVP Johnson Varkey sold 124 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 8,491 shares in the company, valued at approximately $1,995,045.36. This represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO John A. Carroll sold 1,251 shares of Waste Management stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $225.92, for a total transaction of $282,625.92. Following the sale, the chief accounting officer now owns 8,420 shares in the company, valued at approximately $1,902,246.40. This trade represents a 12.94 % decrease in their ownership of the stock. 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.