1,400 Shares in Waste Management, Inc. (NYSE:WM) Bought by Board of the Pension Protection Fund

Board of the Pension Protection Fund acquired a new stake in shares of Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,400 shares of the business services provider’s stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WM. Fifth Third Wealth Advisors LLC grew its holdings in Waste Management by 6.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,537 shares of the business services provider’s stock worth $1,117,000 after purchasing an additional 339 shares during the period. Oak Thistle LLC boosted its position in shares of Waste Management by 28.9% in the 4th quarter. Oak Thistle LLC now owns 4,446 shares of the business services provider’s stock worth $897,000 after purchasing an additional 998 shares in the last quarter. KWB Wealth increased its position in Waste Management by 26.2% during the 4th quarter. KWB Wealth now owns 3,456 shares of the business services provider’s stock valued at $717,000 after buying an additional 718 shares in the last quarter. Cardinal Point Capital Management ULC raised its stake in Waste Management by 6.0% during the fourth quarter. Cardinal Point Capital Management ULC now owns 2,302 shares of the business services provider’s stock valued at $465,000 after buying an additional 130 shares during the last quarter. Finally, Signal Advisors Wealth LLC boosted its holdings in Waste Management by 5.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 4,449 shares of the business services provider’s stock worth $898,000 after acquiring an additional 210 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on WM. Argus upped their price objective on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price target on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Scotiabank assumed coverage on Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. William Blair initiated coverage on shares of Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada lifted their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $230.72.

Insider Activity

In other news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Down 0.3 %

WM stock opened at $206.98 on Wednesday. The business’s 50-day moving average price is $214.44 and its 200-day moving average price is $211.25. The stock has a market cap of $83.07 billion, a P/E ratio of 31.65, a PEG ratio of 2.36 and a beta of 0.77. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a twelve month low of $180.17 and a twelve month high of $230.39.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. On average, equities research analysts forecast that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. Waste Management’s payout ratio is presently 45.87%.

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.