Capital International Investors Purchases 138,978 Shares of Waste Management, Inc. $WM

Capital International Investors lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 10.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,508,783 shares of the business services provider’s stock after acquiring an additional 138,978 shares during the quarter. Capital International Investors’ holdings in Waste Management were worth $331,495,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Broadway Wealth Solutions Inc. lifted its stake in shares of Waste Management by 2.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after purchasing an additional 44 shares during the last quarter. San Luis Wealth Advisors LLC lifted its stake in shares of Waste Management by 2.4% during the 4th quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after purchasing an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its stake in shares of Waste Management by 0.7% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after purchasing an additional 45 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in shares of Waste Management by 1.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock worth $527,000 after purchasing an additional 45 shares during the last quarter. Finally, Old Port Advisors lifted its stake in shares of Waste Management by 0.3% during the 4th quarter. Old Port Advisors now owns 16,963 shares of the business services provider’s stock worth $3,727,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WM shares. Wolfe Research started coverage on Waste Management in a research note on Friday, March 13th. They set a “peer perform” rating for the company. Wells Fargo & Company decreased their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. Barclays increased their price target on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, TD Cowen increased their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $255.67.

Waste Management Stock Up 0.0%

Waste Management stock opened at $220.45 on Monday. The firm has a market cap of $88.53 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 2.30 and a beta of 0.45. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The business’s 50-day moving average price is $223.62 and its 200 day moving average price is $224.58. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current 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 issued a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s dividend payout ratio is 54.70%.

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.