Geo Capital Gestora de Recursos Ltd grew its position in Waste Management, Inc. (NYSE:WM - Free Report) by 172.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,718 shares of the business services provider's stock after purchasing an additional 9,310 shares during the period. Waste Management comprises about 3.8% of Geo Capital Gestora de Recursos Ltd's holdings, making the stock its 11th largest position. Geo Capital Gestora de Recursos Ltd's holdings in Waste Management were worth $2,970,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in WM. Checchi Capital Advisers LLC lifted its stake in shares of Waste Management by 0.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider's stock worth $1,366,000 after buying an additional 45 shares during the last quarter. Catalyst Financial Partners LLC raised its stake in shares of Waste Management by 2.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider's stock valued at $411,000 after purchasing an additional 48 shares in the last quarter. Maia Wealth LLC raised its stake in shares of Waste Management by 4.1% in the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider's stock valued at $259,000 after buying an additional 48 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Waste Management by 1.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,091 shares of the business services provider's stock worth $624,000 after purchasing an additional 49 shares during the period. Finally, Signaturefd LLC boosted its stake in Waste Management by 0.6% in the 4th quarter. Signaturefd LLC now owns 8,511 shares of the business services provider's stock valued at $1,717,000 after buying an additional 49 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Waste Management
In related news, SVP Johnson Varkey sold 560 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the transaction, the senior vice president now owns 9,152 shares of the company's stock, valued at approximately $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James C. Fish, Jr. sold 44,405 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the sale, the chief executive officer now directly owns 211,061 shares in the company, valued at $48,212,664.23. This trade represents a 17.38 % 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 corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts have commented on WM shares. Morgan Stanley boosted their price target on shares of Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Oppenheimer lifted their price objective on Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Jefferies Financial Group decreased their target price on Waste Management from $255.00 to $238.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Stifel Nicolaus lifted their price target on Waste Management from $243.00 to $252.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Raymond James raised their price objective 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 analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and an average target price of $236.65.
Read Our Latest Analysis on WM
Waste Management Trading Down 0.0 %
Shares of WM traded down $0.01 during trading hours on Tuesday, reaching $226.23. The stock had a trading volume of 542,856 shares, compared to its average volume of 1,532,024. The firm has a 50-day moving average of $223.07 and a 200 day moving average of $216.03. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The company has a market cap of $90.97 billion, a P/E ratio of 33.25, a P/E/G ratio of 2.71 and a beta of 0.75. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $235.81.
Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 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, sell-side analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal 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 given a dividend of $0.825 per share. This is an increase from Waste Management's previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 14th. This represents a $3.30 annualized dividend and a dividend yield of 1.46%. Waste Management's dividend payout ratio is currently 48.53%.
Waste Management Company Profile
(
Free Report)
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.
See Also
Before you consider Waste Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Management wasn't on the list.
While Waste Management currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
