Waste Management, Inc. $WM Shares Bought by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC increased its holdings in Waste Management, Inc. (NYSE:WM) by 22.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,813 shares of the business services provider’s stock after purchasing an additional 6,726 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Waste Management were worth $8,205,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. California State Teachers Retirement System grew its holdings in shares of Waste Management by 26,113.1% in the 2nd quarter. California State Teachers Retirement System now owns 121,870,338 shares of the business services provider’s stock worth $27,162,461,000 after acquiring an additional 121,405,416 shares during the last quarter. Norges Bank purchased a new stake in Waste Management during the fourth quarter valued at about $1,022,916,000. Morgan Stanley Institutional Investment Advisors LLC acquired a new position in shares of Waste Management in the second quarter worth about $322,479,000. Corient Private Wealth LLC increased its position in shares of Waste Management by 279.0% in the fourth quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock worth $236,387,000 after acquiring an additional 792,037 shares in the last quarter. Finally, Diamant Asset Management Inc. lifted its position in shares of Waste Management by 23,051.5% in the 1st quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after acquiring an additional 767,615 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other Waste Management news, CAO John Carroll sold 1,365 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $219.90, for a total transaction of $300,163.50. Following the completion of the sale, the chief accounting officer directly owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. The trade was a 28.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WM has been the topic of several research analyst reports. Oppenheimer lowered their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. UBS Group boosted their price objective on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada increased their target price on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Scotiabank lifted their price objective on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. Finally, Stifel Nicolaus increased their price target on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Stock Down 0.7%

WM opened at $216.30 on Thursday. The business has a 50 day moving average of $228.13 and a 200-day moving average of $226.78. The stock has a market capitalization of $86.46 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 2.75 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.Waste Management’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business earned $1.92 earnings per share. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 8.13 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.945 dividend. The ex-dividend date is Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is 53.54%.

Waste Management Profile

WM, Inc, formerly known as Waste Management, Inc, is an environmental services company that provides waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, helping manage everyday refuse as well as certain specialized waste streams.

Its operations include curbside and commercial waste collection, transfer stations, recycling facilities, landfills and waste-related energy services. WM also develops renewable natural gas and electricity projects that capture landfill gas for use as an energy source.