Teacher Retirement System of Texas decreased its position in Waste Management, Inc. (NYSE:WM - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,460 shares of the business services provider's stock after selling 6,696 shares during the quarter. Teacher Retirement System of Texas' holdings in Waste Management were worth $27,940,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its holdings in shares of 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 period. Catalyst Financial Partners LLC raised its stake in Waste Management by 2.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider's stock worth $411,000 after acquiring an additional 48 shares during the period. Maia Wealth LLC lifted its holdings in Waste Management by 4.1% in the fourth quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider's stock worth $259,000 after acquiring an additional 48 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of 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 valued at $624,000 after purchasing an additional 49 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Waste Management by 0.6% during the 4th quarter. Signaturefd LLC now owns 8,511 shares of the business services provider's stock worth $1,717,000 after purchasing an additional 49 shares during the period. 80.40% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
WM has been the subject of a number of recent research reports. Scotiabank upped 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. StockNews.com lowered shares of Waste Management from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Citigroup lifted their price objective on shares of Waste Management from $242.00 to $255.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. William Blair reissued an "outperform" rating on shares of Waste Management in a research note on Friday, January 31st. Finally, Morgan Stanley raised 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 note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $236.65.
Get Our Latest Stock Analysis on Waste Management
Insider Transactions at Waste Management
In other Waste Management news, CEO James C. Fish, Jr. sold 44,405 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the completion of the sale, the chief executive officer now directly owns 211,061 shares of the company's stock, valued at approximately $48,212,664.23. This represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Johnson Varkey sold 124 shares of Waste Management stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $234.96, for a total transaction of $29,135.04. Following the completion of the transaction, the senior vice president now directly owns 8,491 shares in the company, valued at approximately $1,995,045.36. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,577 shares of company stock valued at $21,662,464 in the last three months. 0.18% of the stock is currently owned by corporate insiders.
Waste Management Price Performance
NYSE:WM traded up $1.02 during mid-day trading on Tuesday, reaching $227.26. 1,622,476 shares of the stock were exchanged, compared to its average volume of 1,532,024. 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 fifty day moving average price of $223.07 and a 200 day moving average price of $216.03. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $235.81. The firm has a market capitalization of $91.38 billion, a PE ratio of 33.42, a PEG ratio of 2.71 and a beta of 0.75.
Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data 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 return on equity of 37.93% and a net margin of 12.45%. Research 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 represents a $3.30 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Waste Management's previous quarterly dividend of $0.75. Waste Management's dividend payout ratio is 48.53%.
About Waste Management
(
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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