Aviva PLC Has $100.40 Million Stake in Waste Management, Inc. (NYSE:WM)

Aviva PLC trimmed its position in Waste Management, Inc. (NYSE:WM - Free Report) by 19.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 497,559 shares of the business services provider's stock after selling 122,546 shares during the quarter. Aviva PLC owned about 0.12% of Waste Management worth $100,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of WM. Checchi Capital Advisers LLC boosted its position in shares of Waste Management by 0.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider's stock valued at $1,366,000 after acquiring an additional 45 shares during the period. Catalyst Financial Partners LLC raised its position in shares of 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 valued at $411,000 after buying an additional 48 shares during the last quarter. Maia Wealth LLC lifted its stake in shares of Waste Management by 4.1% in the fourth quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider's stock valued at $259,000 after buying an additional 48 shares during the period. EverSource Wealth Advisors LLC increased its stake in 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 acquiring an additional 49 shares during the period. Finally, Signaturefd LLC raised its holdings in Waste Management by 0.6% in the 4th quarter. Signaturefd LLC now owns 8,511 shares of the business services provider's stock valued at $1,717,000 after acquiring an additional 49 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. CIBC upped their target price on Waste Management from $227.00 to $247.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Raymond James increased their price objective on shares of Waste Management from $235.00 to $237.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Jefferies Financial Group decreased their target price on shares of Waste Management from $255.00 to $238.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Citigroup raised their price target on shares of Waste Management from $242.00 to $255.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Scotiabank upped their price objective on Waste Management from $255.00 to $260.00 and gave the company a "sector outperform" rating in a research note on Tuesday. 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $236.94.

Waste Management Price Performance

Shares of WM stock traded up $0.74 during trading hours on Thursday, reaching $225.16. 941,106 shares of the company were exchanged, compared to its average volume of 1,631,990. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $239.32. 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 stock's fifty day moving average is $227.14 and its two-hundred day moving average is $217.91. The company has a market cap of $90.59 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 2.71 and a beta of 0.66.

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%. Sell-side analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Friday, March 14th. This is a positive change from Waste Management's previous quarterly dividend of $0.75. Waste Management's dividend payout ratio (DPR) is 48.53%.

Insider Transactions at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.59, for a total transaction of $152,868.87. Following the completion of the sale, the executive vice president now owns 45,542 shares of the company's stock, valued at approximately $10,046,109.78. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Johnson Varkey sold 560 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 95,577 shares of company stock worth $21,662,464 in the last quarter. 0.18% of the stock is owned by company insiders.

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.