Perpetual Ltd Has $15.82 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Perpetual Ltd lifted its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 3.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,338 shares of the business services provider's stock after purchasing an additional 2,428 shares during the period. Perpetual Ltd's holdings in Waste Management were worth $15,821,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Transce3nd LLC bought a new position in shares of Waste Management during the fourth quarter worth $28,000. West Branch Capital LLC lifted its holdings in Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock worth $28,000 after acquiring an additional 49 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in Waste Management in the fourth quarter valued at about $33,000. Hurley Capital LLC acquired a new stake in shares of Waste Management during the fourth quarter worth about $34,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Waste Management by 87.6% during the 4th quarter. Fairway Wealth LLC now owns 197 shares of the business services provider's stock valued at $40,000 after purchasing an additional 92 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

Shares of WM stock opened at $226.86 on Friday. The stock has a market cap of $91.29 billion, a P/E ratio of 34.22, a P/E/G ratio of 3.02 and a beta of 0.66. The company has a fifty day moving average price of $233.08 and a two-hundred day moving average price of $224.30. Waste Management, Inc. has a one year low of $196.59 and a one year high of $242.58. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.83 and a quick ratio of 0.79.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.08. The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.14 billion. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. Waste Management's revenue was up 16.7% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS. As a group, equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Friday, June 6th. Waste Management's dividend payout ratio (DPR) is presently 49.77%.

Wall Street Analyst Weigh In

WM has been the topic of several research analyst reports. Scotiabank raised their target price on shares of Waste Management from $255.00 to $260.00 and gave the stock a "sector outperform" rating in a report on Tuesday, April 8th. Royal Bank Of Canada restated a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday. Seaport Res Ptn raised shares of Waste Management to a "hold" rating in a research note on Tuesday, May 6th. BMO Capital Markets increased their target price on Waste Management from $241.00 to $245.00 and gave the stock a "market perform" rating in a report on Wednesday. Finally, Citigroup boosted their price target on Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Waste Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $250.71.

Insider Buying and Selling at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the sale, the chief financial officer now directly owns 83,934 shares in the company, valued at $19,922,574.24. This trade represents a 40.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the sale, the senior vice president now owns 16,542 shares of the company's stock, valued at approximately $3,917,311.02. This represents a 3.91% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Waste Management 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.

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