Sava Infond d.o.o. Buys Shares of 6,740 Waste Management, Inc. (NYSE:WM)

Sava Infond d.o.o. bought a new position in Waste Management, Inc. (NYSE:WM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,740 shares of the business services provider's stock, valued at approximately $1,360,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Waste Management by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 37,300,278 shares of the business services provider's stock valued at $7,526,823,000 after buying an additional 538,567 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Waste Management by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider's stock worth $1,686,203,000 after acquiring an additional 168,818 shares during the last quarter. Parnassus Investments LLC lifted its position in shares of Waste Management by 22.5% during the fourth 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 in the last quarter. Nordea Investment Management AB grew its stake in shares of Waste Management by 7.1% during the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider's stock valued at $854,446,000 after purchasing an additional 280,455 shares during the last quarter. Finally, Amundi increased its holdings in shares of Waste Management by 0.7% in the fourth quarter. Amundi now owns 3,897,959 shares of the business services provider's stock valued at $803,819,000 after purchasing an additional 25,801 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Remove Ads

Waste Management Stock Down 0.5 %

Shares of WM stock traded down $1.23 during trading hours on Friday, hitting $227.80. 1,264,803 shares of the company were exchanged, compared to its average volume of 1,616,188. 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 has a 50 day moving average of $224.57 and a two-hundred day moving average of $216.56. The company has a market capitalization of $91.60 billion, a PE ratio of 33.50, a PEG ratio of 2.71 and a beta of 0.75.

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

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.825 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. Waste Management's dividend payout ratio (DPR) is 48.53%.

Wall Street Analyst Weigh In

WM has been the subject of several research 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 research note on Monday, February 3rd. CIBC boosted their price objective on Waste Management from $227.00 to $247.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. Morgan Stanley upped their target price 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 boosted their price target on shares of Waste Management from $231.00 to $237.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, Citigroup raised their price objective on shares of Waste Management from $242.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Nine equities research 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. According to data from MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $236.65.

Insider Buying and Selling

In other news, VP Donald J. Smith sold 191 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.22, for a total value of $42,062.02. Following the sale, the vice president now directly owns 6,129 shares of the company's stock, valued at approximately $1,349,728.38. This represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $123,261.60. Following the transaction, the senior vice president now 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,577 shares of company stock worth $21,662,464. 0.18% of the stock is owned by insiders.

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.