Quilter Plc Has $17.71 Million Position in Waste Management, Inc. (NYSE:WM)

Quilter Plc trimmed its position in Waste Management, Inc. (NYSE:WM - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,482 shares of the business services provider's stock after selling 26,422 shares during the period. Quilter Plc's holdings in Waste Management were worth $17,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WM. Transce3nd LLC purchased a new stake in Waste Management in the fourth quarter valued at approximately $28,000. West Branch Capital LLC raised its holdings in shares of 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 purchasing an additional 49 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in Waste Management during the fourth quarter valued at $33,000. Hurley Capital LLC purchased a new stake in Waste Management in the fourth quarter valued at $34,000. Finally, Fairway Wealth LLC grew its position in Waste Management by 87.6% during the 4th quarter. Fairway Wealth LLC now owns 197 shares of the business services provider's stock worth $40,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Stock Performance

Shares of Waste Management stock traded up $0.66 during trading on Monday, hitting $228.92. 1,717,255 shares of the stock were exchanged, compared to its average volume of 1,620,394. The stock has a market cap of $92.12 billion, a PE ratio of 34.53, a P/E/G ratio of 3.02 and a beta of 0.66. The stock's fifty day moving average is $233.03 and its 200 day moving average is $224.52. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $242.58. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.79 and a current ratio of 0.83.

Waste Management (NYSE:WM - Get Free Report) last released 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. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The company had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $6.14 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The business's revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, June 6th. Waste Management's dividend payout ratio is currently 49.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WM shares. Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Citigroup increased their price target on shares of Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. William Blair reiterated an "outperform" rating on shares of Waste Management in a research report on Wednesday, June 25th. Seaport Res Ptn upgraded Waste Management to a "hold" rating in a research report on Tuesday, May 6th. Finally, BMO Capital Markets upped their price target on Waste Management from $241.00 to $245.00 and gave the stock a "market perform" rating in a report on Wednesday, June 25th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $251.00.

Insider Activity at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the transaction, the chief financial officer now owns 83,934 shares in the company, valued at approximately $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the stock in a transaction on Tuesday, May 27th. The shares were 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 $3,917,311.02. This trade represents a 3.91% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by 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.