RWC Asset Management LLP Decreases Holdings in Waste Management, Inc. $WM

RWC Asset Management LLP decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 32.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 27,840 shares of the business services provider’s stock after selling 13,145 shares during the period. RWC Asset Management LLP’s holdings in Waste Management were worth $6,117,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WM. Elevated Capital Advisors LLC acquired a new stake in Waste Management during the 4th quarter valued at $25,000. RHL Group LLC acquired a new stake in Waste Management during the 4th quarter valued at $29,000. JPL Wealth Management LLC acquired a new stake in Waste Management during the 3rd quarter valued at $30,000. Kelleher Financial Advisors acquired a new stake in Waste Management during the 4th quarter valued at $31,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in Waste Management during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 0.0%

NYSE:WM opened at $220.45 on Monday. The business’s 50-day moving average is $223.62 and its two-hundred day moving average is $224.58. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market capitalization of $88.53 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 2.30 and a beta of 0.45. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. Research analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is 54.70%.

Wall Street Analyst Weigh In

WM has been the topic of a number of analyst reports. TD Cowen increased their target price on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays raised their price objective on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Wolfe Research started coverage on Waste Management in a report on Friday, March 13th. They set a “peer perform” rating on the stock. Finally, Robert W. Baird raised their price objective on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $255.67.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.