Alaska Permanent Fund Corp Makes New $1.28 Million Investment in Waste Management, Inc. (NYSE:WM)

Alaska Permanent Fund Corp acquired a new stake in Waste Management, Inc. (NYSE:WM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,158 shares of the business services provider's stock, valued at approximately $1,282,000.

Other large investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its holdings in Waste Management by 8.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider's stock valued at $4,407,000 after purchasing an additional 2,272 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its holdings in Waste Management by 5.5% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider's stock valued at $1,132,000 after purchasing an additional 332 shares during the last quarter. Ingalls & Snyder LLC lifted its holdings in Waste Management by 1.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 22,662 shares of the business services provider's stock valued at $3,455,000 after purchasing an additional 231 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Waste Management by 93.0% during the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider's stock valued at $8,348,000 after purchasing an additional 22,455 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Waste Management by 13,927.7% during the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider's stock valued at $90,319,000 after purchasing an additional 500,701 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group downgraded Waste Management from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $190.00 to $205.00 in a report on Wednesday, February 14th. BMO Capital Markets lifted their target price on Waste Management from $207.00 to $212.00 and gave the stock a "market perform" rating in a report on Friday. Morgan Stanley lifted their target price on Waste Management from $202.00 to $214.00 and gave the stock an "equal weight" rating in a report on Friday. Oppenheimer lifted their target price on Waste Management from $221.00 to $228.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Truist Financial lifted their target price on Waste Management from $220.00 to $240.00 and gave the stock a "buy" rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $214.21.

Insider Buying and Selling at Waste Management

In other news, SVP Christopher P. Desantis sold 346 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the sale, the senior vice president now owns 8,218 shares in the company, valued at $1,640,641.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Charles C. Boettcher sold 3,275 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.49, for a total transaction of $653,329.75. Following the completion of the sale, the executive vice president now owns 36,403 shares in the company, valued at $7,262,034.47. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Christopher P. Desantis sold 346 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $199.64, for a total value of $69,075.44. Following the completion of the sale, the senior vice president now directly owns 8,218 shares of the company's stock, valued at $1,640,641.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,007 shares of company stock valued at $3,696,520. 0.18% of the stock is currently owned by company insiders.

Waste Management Trading Down 1.2 %

Shares of WM stock traded down $2.63 during mid-day trading on Friday, reaching $210.07. 1,650,643 shares of the stock traded hands, compared to its average volume of 1,671,134. The stock's fifty day simple moving average is $208.37 and its two-hundred day simple moving average is $186.50. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The company has a market cap of $84.30 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 3.19 and a beta of 0.72. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 2.30.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.23. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.22 billion. Waste Management had a return on equity of 38.82% and a net margin of 11.98%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 earnings per share. On average, research analysts anticipate that Waste Management, Inc. will post 6.88 EPS for the current fiscal year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Waste Management's previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.43%. Waste Management's payout ratio is 49.10%.

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.