Two Sigma Advisers LP grew its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 14.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 280,300 shares of the business services provider's stock after acquiring an additional 34,800 shares during the period. Two Sigma Advisers LP owned about 0.07% of Waste Management worth $56,562,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC grew its holdings in shares of Waste Management by 10.4% during the 4th quarter. Tidal Investments LLC now owns 38,337 shares of the business services provider's stock worth $7,736,000 after acquiring an additional 3,600 shares during the period. Teza Capital Management LLC grew its stake in shares of 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 worth $1,579,000 after buying an additional 6,579 shares during the last quarter. State of Wyoming grew its stake in shares of Waste Management by 98.7% in the 4th quarter. State of Wyoming now owns 892 shares of the business services provider's stock worth $180,000 after buying an additional 443 shares during the last quarter. Strategic Wealth Partners Ltd. grew its stake in shares of 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 worth $1,499,000 after buying an additional 408 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Waste Management by 8.0% in the 4th quarter. Toronto Dominion Bank now owns 200,294 shares of the business services provider's stock worth $40,417,000 after buying an additional 14,840 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.
Waste Management Price Performance
Shares of Waste Management stock opened at $231.87 on Tuesday. Waste Management, Inc. has a one year low of $196.59 and a one year high of $239.32. The stock's fifty day moving average is $228.51 and its 200 day moving average is $221.80. The stock has a market cap of $93.31 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.71 and a beta of 0.67. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76.
Waste Management (NYSE:WM - Get Free Report) last announced its earnings results on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.08. Waste Management had a return on equity of 37.93% and a net margin of 12.45%. The company had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $6.14 billion. During the same period last year, the firm earned $1.75 EPS. Waste Management's revenue for the quarter was up 16.7% compared to the same quarter last year. Sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.
Waste Management Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.825 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a yield of 1.42%. Waste Management's dividend payout ratio is currently 49.77%.
Wall Street Analyst Weigh In
WM has been the topic of several recent research reports. Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Raymond James upped their price target on Waste Management from $235.00 to $237.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Waste Management in a research note on Tuesday, April 29th. StockNews.com upgraded Waste Management from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Finally, Citigroup increased their target price on Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $243.29.
Check Out Our Latest Stock Report on Waste Management
Insider Buying and Selling
In other Waste Management news, EVP John J. Morris sold 19,153 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the sale, the executive vice president now directly owns 85,257 shares of the company's stock, valued at $19,158,100.47. This trade represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Johnson Varkey sold 124 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $234.96, for a total value of $29,135.04. Following the sale, the senior vice president now directly owns 8,491 shares in the company, valued at approximately $1,995,045.36. This represents a 1.44% 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. 0.18% of the stock is owned by company insiders.
About Waste Management
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Free Report)
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.
See Also
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