RD Lewis Holdings Inc. Makes New Investment in Waste Management, Inc. (NYSE:WM)

RD Lewis Holdings Inc. acquired a new stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,807 shares of the business services provider's stock, valued at approximately $566,000.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Waste Management in the fourth quarter worth about $340,611,000. Parnassus Investments LLC lifted its position in shares of Waste Management by 22.5% during the 4th quarter. Parnassus Investments LLC now owns 6,272,009 shares of the business services provider's stock worth $1,265,629,000 after purchasing an additional 1,151,237 shares during the last quarter. Swedbank AB lifted its position in shares of Waste Management by 67.2% during the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider's stock worth $366,537,000 after purchasing an additional 709,678 shares during the last quarter. National Bank of Canada FI lifted its position 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 worth $149,168,000 after purchasing an additional 416,579 shares during the last quarter. Finally, Robeco Schweiz AG acquired a new position in shares of Waste Management during the 4th quarter worth about $60,668,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Trading Down 0.9 %

Shares of NYSE:WM traded down $2.14 during trading on Friday, reaching $224.76. 2,535,970 shares of the company traded hands, compared to its average volume of 1,532,040. The firm has a market capitalization of $90.38 billion, a price-to-earnings ratio of 33.05, 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. 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 business's fifty day moving average is $222.69 and its 200-day moving average is $215.82.

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

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.47%. This is an increase from Waste Management's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 14th. Waste Management's dividend payout ratio (DPR) is presently 48.53%.

Insiders Place Their Bets

In other news, SVP Johnson Varkey sold 560 shares of Waste Management stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.11, for a total transaction of $123,261.60. Following the transaction, the senior vice president now directly owns 9,152 shares of the company's stock, valued at $2,014,446.72. The trade was a 5.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.59, for a total value of $152,868.87. Following the transaction, the executive vice president now directly owns 45,542 shares in the company, valued at approximately $10,046,109.78. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,577 shares of company stock valued at $21,662,464. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. William Blair reiterated an "outperform" rating on shares of Waste Management in a research note on Friday, January 31st. Raymond James upped their price objective on Waste Management from $235.00 to $237.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Oppenheimer upped their price objective on Waste Management from $231.00 to $237.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Morgan Stanley increased their price target on Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, CIBC upped their price objective on shares of Waste Management from $227.00 to $247.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $236.65.

Waste Management 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.