Waste Management, Inc. (NYSE:WM) Shares Acquired by Teza Capital Management LLC

Teza Capital Management LLC increased its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 527.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,827 shares of the business services provider's stock after acquiring an additional 6,579 shares during the period. Teza Capital Management LLC's holdings in Waste Management were worth $1,579,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its holdings in shares of Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider's stock valued at $781,000 after purchasing an additional 44 shares during the period. Checchi Capital Advisers LLC increased its holdings in shares of Waste Management by 0.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider's stock valued at $1,366,000 after purchasing an additional 45 shares during the period. Covestor Ltd increased its holdings in shares of Waste Management by 8.2% in the 4th quarter. Covestor Ltd now owns 609 shares of the business services provider's stock valued at $123,000 after purchasing an additional 46 shares during the period. Catalyst Financial Partners LLC increased its holdings in shares of Waste Management by 2.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider's stock valued at $411,000 after purchasing an additional 48 shares during the period. Finally, Maia Wealth LLC increased its holdings in shares of Waste Management by 4.1% in the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider's stock valued at $259,000 after purchasing an additional 48 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of research reports. Seaport Res Ptn upgraded Waste Management to a "hold" rating in a report on Tuesday, May 6th. Morgan Stanley boosted their price target on Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Jefferies Financial Group lowered their price target on Waste Management from $255.00 to $238.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Citigroup boosted their price target on Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Royal Bank of Canada boosted their price target on Waste Management from $227.00 to $229.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $243.29.

Insider Activity at Waste Management

In related news, CAO John A. Carroll sold 1,251 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $225.92, for a total value of $282,625.92. Following the completion of the transaction, the chief accounting officer now directly owns 8,420 shares of the company's stock, valued at $1,902,246.40. This trade represents a 12.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John J. Morris sold 19,153 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $224.71, for a total value of $4,303,870.63. Following the completion of the transaction, the executive vice president now directly owns 85,257 shares of the company's stock, valued at approximately $19,158,100.47. This trade represents a 18.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,522 shares of company stock worth $18,084,124. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Up 0.8%

WM opened at $229.76 on Monday. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $239.32. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The stock has a market capitalization of $92.46 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.71 and a beta of 0.67. The business has a 50 day moving average of $228.33 and a 200-day moving average of $221.67.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $6.02 billion during the quarter, compared to analysts' expectations of $6.14 billion. During the same period in the prior year, the business earned $1.75 earnings per share. Waste Management'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 earnings per share for the current year.

Waste Management Dividend Announcement

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 given a $0.825 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. Waste Management's dividend payout ratio is 49.77%.

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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