Sei Investments Co. Has $51.01 Million Holdings in Waste Management, Inc. (NYSE:WM)

Sei Investments Co. raised its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 252,800 shares of the business services provider's stock after buying an additional 5,253 shares during the quarter. Sei Investments Co. owned approximately 0.06% of Waste Management worth $51,013,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Wealth Strategies & Associates lifted its position in 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 purchasing an additional 125 shares during the last quarter. General Partner Inc. bought a new stake in shares of Waste Management during the fourth quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Waste Management during the fourth quarter worth approximately $33,000. Sugar Maple Asset Management LLC bought a new position in Waste Management in the 4th quarter worth approximately $35,000. Finally, Richardson Financial Services Inc. increased its holdings in shares of Waste Management by 65.7% during the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider's stock valued at $35,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WM. StockNews.com lowered shares of Waste Management from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Stifel Nicolaus boosted their target price on Waste Management from $243.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Raymond James increased their price target on Waste Management from $235.00 to $237.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Scotiabank boosted their price objective on Waste Management from $250.00 to $255.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group decreased their target price on Waste Management from $255.00 to $238.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Nine investment 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $236.65.

Remove Ads

Waste Management Stock Up 0.3 %

Shares of Waste Management stock traded up $0.79 during midday trading on Tuesday, hitting $227.03. The company's stock had a trading volume of 770,925 shares, compared to its average volume of 1,532,024. The firm has a market capitalization of $91.29 billion, a P/E ratio of 33.39, a PEG ratio of 2.71 and a beta of 0.75. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $235.81. 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 stock has a 50-day simple moving average of $223.07 and a 200-day simple moving average of $216.03.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.45% and a return on equity of 37.93%. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.825 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.30 dividend on an annualized basis and a yield of 1.45%. This is an increase from Waste Management's previous quarterly dividend of $0.75. Waste Management's payout ratio is 48.53%.

Insiders Place Their Bets

In related news, 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 sale, the chief accounting officer now directly owns 9,066 shares in the company, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Johnson Varkey sold 560 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were 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 in the company, valued at approximately $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,577 shares of company stock valued at $21,662,464 in the last three months. Insiders own 0.18% of the company's stock.

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.