Rathbones Group PLC increased its position in Waste Management, Inc. (NYSE:WM - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,225 shares of the business services provider's stock after buying an additional 11,810 shares during the period. Rathbones Group PLC owned about 0.10% of Waste Management worth $78,945,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Checchi Capital Advisers LLC increased its position in Waste Management by 0.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider's stock worth $1,366,000 after purchasing an additional 45 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in 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 buying an additional 48 shares during the period. Maia Wealth LLC increased its holdings in 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 purchasing an additional 48 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Waste Management by 1.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,091 shares of the business services provider's stock valued at $624,000 after buying an additional 49 shares during the period. Finally, Signaturefd LLC grew its holdings in Waste Management by 0.6% during the 4th quarter. Signaturefd LLC now owns 8,511 shares of the business services provider's stock valued at $1,717,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.
Waste Management Stock Performance
WM stock traded up $2.85 on Friday, reaching $229.30. The company's stock had a trading volume of 1,920,866 shares, compared to its average volume of 1,637,537. The firm has a fifty day moving average of $227.33 and a two-hundred day moving average of $218.19. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The company has a market capitalization of $92.25 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $239.32.
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 return on equity of 37.93% and a net margin of 12.45%. As a group, analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.
Waste Management Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, March 14th. This is an increase from Waste Management's previous quarterly dividend of $0.75. Waste Management's payout ratio is currently 48.53%.
Wall Street Analyst Weigh In
WM has been the subject of a number of analyst reports. Raymond James upped 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. StockNews.com downgraded Waste Management from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Morgan Stanley raised their price target on shares of Waste Management from $227.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Oppenheimer increased their price objective on shares of Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, William Blair reissued an "outperform" rating on shares of Waste Management 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $237.76.
Check Out Our Latest Report on Waste Management
Insider Activity at Waste Management
In related news, SVP Johnson Varkey sold 560 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the sale, the senior vice president now directly owns 9,152 shares in the company, valued at approximately $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO John A. Carroll sold 209 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, the chief accounting officer now directly owns 9,066 shares in the company, valued at $1,999,506.30. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,577 shares of company stock valued at $21,662,464 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.
Waste Management Profile
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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.
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