6,412 Shares in Waste Management, Inc. (NYSE:WM) Acquired by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co purchased a new position in Waste Management, Inc. (NYSE:WM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,412 shares of the business services provider's stock, valued at approximately $1,294,000.

Several other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Waste Management by 32.3% during the 4th quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider's stock worth $1,529,000 after purchasing an additional 1,798 shares during the last quarter. Banque Pictet & Cie SA lifted its position in shares of Waste Management by 0.6% in the fourth quarter. Banque Pictet & Cie SA now owns 1,869,190 shares of the business services provider's stock valued at $377,184,000 after acquiring an additional 11,940 shares in the last quarter. Foster Group Inc. acquired a new stake in shares of Waste Management during the fourth quarter valued at $256,000. Allspring Global Investments Holdings LLC increased its position in Waste Management by 3.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 278,890 shares of the business services provider's stock worth $55,929,000 after purchasing an additional 8,914 shares in the last quarter. Finally, Brighton Jones LLC raised its stake in Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock valued at $1,384,000 after purchasing an additional 2,320 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Price Performance

WM stock traded up $3.33 during mid-day trading on Friday, hitting $241.09. The stock had a trading volume of 2,439,995 shares, compared to its average volume of 1,665,314. The firm has a fifty day simple moving average of $230.14 and a 200 day simple moving average of $222.68. The firm has a market capitalization of $97.02 billion, a P/E ratio of 35.45, a P/E/G ratio of 2.71 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $241.61.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.08. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.14 billion. Waste Management had a net margin of 12.45% and a return on equity of 37.93%. The firm's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $1.75 EPS. As a group, research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, June 6th. Waste Management's dividend payout ratio is 49.77%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WM. HSBC raised Waste Management from a "hold" rating to a "buy" rating and raised their price target for the stock from $210.00 to $265.00 in a research note on Friday, April 25th. Scotiabank increased their target price on Waste Management from $255.00 to $260.00 and gave the company a "sector outperform" rating in a research note on Tuesday, April 8th. UBS Group boosted their price objective on Waste Management from $240.00 to $250.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Robert W. Baird increased their target price on shares of Waste Management from $235.00 to $245.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Finally, Oppenheimer boosted their price objective on Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $247.06.

Insider Activity at Waste Management

In related news, CFO Devina A. Rankin sold 4,126 shares of Waste Management stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $228.11, for a total value of $941,181.86. Following the completion of the sale, the chief financial officer now owns 62,639 shares of the company's stock, valued at approximately $14,288,582.29. This trade represents a 6.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Johnson Varkey sold 124 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $234.96, for a total value of $29,135.04. Following the completion of the transaction, the senior vice president now owns 8,491 shares of the company's stock, valued at approximately $1,995,045.36. This represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,947 shares of company stock worth $20,536,508 in the last 90 days. Corporate 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.