Tidal Investments LLC Grows Position in Waste Management, Inc. (NYSE:WM)

Tidal Investments LLC boosted its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,337 shares of the business services provider's stock after buying an additional 3,600 shares during the quarter. Tidal Investments LLC's holdings in Waste Management were worth $7,736,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WM. Teza Capital Management LLC grew its stake in Waste Management by 527.2% in the 4th quarter. Teza Capital Management LLC now owns 7,827 shares of the business services provider's stock valued at $1,579,000 after purchasing an additional 6,579 shares during the period. State of Wyoming grew its stake in Waste Management by 98.7% in the 4th quarter. State of Wyoming now owns 892 shares of the business services provider's stock valued at $180,000 after purchasing an additional 443 shares during the period. Strategic Wealth Partners Ltd. grew its stake in Waste Management by 5.8% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 7,428 shares of the business services provider's stock valued at $1,499,000 after purchasing an additional 408 shares during the period. Toronto Dominion Bank grew its stake in Waste Management by 8.0% in the 4th quarter. Toronto Dominion Bank now owns 200,294 shares of the business services provider's stock valued at $40,417,000 after purchasing an additional 14,840 shares during the period. Finally, Snowden Capital Advisors LLC grew its stake in shares of Waste Management by 5.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 15,134 shares of the business services provider's stock worth $3,054,000 after acquiring an additional 845 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WM has been the subject of several research reports. Royal Bank of Canada increased their price target on Waste Management from $227.00 to $229.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. StockNews.com upgraded Waste Management from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. William Blair reiterated an "outperform" rating on shares of Waste Management in a research note on Tuesday, April 29th. HSBC upgraded Waste Management from a "hold" rating to a "buy" rating and increased their price target for the stock from $210.00 to $265.00 in a research note on Friday, April 25th. Finally, Citigroup increased their price target on Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Waste Management presently has an average rating of "Moderate Buy" and an average price target of $243.29.

Waste Management Stock Performance

NYSE:WM opened at $231.87 on Tuesday. The business's 50-day moving average price is $228.51 and its two-hundred day moving average price is $221.80. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $239.32. The stock has a market cap of $93.31 billion, a P/E ratio of 34.10, a PEG ratio of 2.71 and a beta of 0.67. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73.

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 the consensus estimate of $1.59 by $0.08. Waste Management had a return on equity of 37.93% and a net margin of 12.45%. The firm had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $6.14 billion. During the same quarter last year, the firm posted $1.75 EPS. The company's revenue was up 16.7% compared to the same quarter last year. As a group, equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.42%. Waste Management's dividend payout ratio is 49.77%.

Insider Activity at Waste Management

In related news, CAO John A. Carroll sold 1,251 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $225.92, for a total transaction of $282,625.92. Following the transaction, the chief accounting officer now directly owns 8,420 shares of the company's stock, valued at approximately $1,902,246.40. This trade represents a 12.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James C. Fish, Jr. sold 44,405 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $228.43, for a total value of $10,143,434.15. Following the transaction, the chief executive officer now directly owns 211,061 shares in the company, valued at approximately $48,212,664.23. This represents a 17.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,522 shares of company stock valued at $18,084,124. Corporate insiders own 0.18% of the company's stock.

About Waste Management

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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