Fox Run Management L.L.C. Makes New Investment in Waste Management, Inc. (NYSE:WM)

Fox Run Management L.L.C. bought a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,876 shares of the business services provider's stock, valued at approximately $782,000.

Several other hedge funds have also made changes to their positions in WM. Global Wealth Strategies & Associates boosted its stake in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock valued at $28,000 after buying an additional 125 shares during the period. General Partner Inc. acquired a new position in Waste Management during the fourth quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $33,000. Sugar Maple Asset Management LLC purchased a new position in Waste Management during the 4th quarter worth $35,000. Finally, Richardson Financial Services Inc. raised its stake in Waste Management by 65.7% during the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider's stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Stock Up 0.0 %

Shares of NYSE WM traded up $0.10 during mid-day trading on Thursday, hitting $229.03. The company had a trading volume of 595,193 shares, compared to its average volume of 1,646,843. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The firm has a 50-day simple moving average of $223.89 and a two-hundred day simple moving average of $216.28. Waste Management, Inc. has a one year low of $196.59 and a one year high of $235.81. The company has a market capitalization of $92.10 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75.

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

Waste Management Increases Dividend

The business 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. The ex-dividend date is Friday, March 14th. This is an increase from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. Waste Management's dividend payout ratio is 48.53%.

Wall Street Analyst Weigh In

WM has been the topic of a number of research analyst reports. Scotiabank lifted their target price on Waste Management from $250.00 to $255.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd. William Blair restated an "outperform" rating on shares of Waste Management in a research note on Friday, January 31st. StockNews.com lowered Waste Management from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Raymond James raised their target price on shares of Waste Management from $235.00 to $237.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, Jefferies Financial Group reduced their price target on shares of Waste Management from $255.00 to $238.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and a consensus price target of $236.65.

Insider Buying and Selling

In other Waste Management news, CEO James C. Fish, Jr. sold 44,405 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $228.43, for a total value of $10,143,434.15. Following the sale, the chief executive officer now owns 211,061 shares of the company's stock, valued at $48,212,664.23. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO John A. Carroll sold 209 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the transaction, the chief accounting officer now owns 9,066 shares in the company, valued at approximately $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,577 shares of company stock valued at $21,662,464. 0.18% of the stock is owned by 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.