Mizuho Markets Cayman LP Makes New $6.37 Million Investment in Waste Management, Inc. $WM

Mizuho Markets Cayman LP purchased a new position in shares of Waste Management, Inc. (NYSE:WM) in the fourth quarter, Holdings Channel reports. The fund purchased 29,006 shares of the business services provider’s stock, valued at approximately $6,373,000.

Other institutional investors also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new position in Waste Management during the 4th quarter worth $25,000. Cornerstone Planning Group LLC boosted its position in Waste Management by 101.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after acquiring an additional 67 shares during the period. JPL Wealth Management LLC acquired a new position in Waste Management during the 3rd quarter worth $30,000. Kelleher Financial Advisors acquired a new position in Waste Management during the 4th quarter worth $31,000. Finally, Holos Integrated Wealth LLC acquired a new position in Waste Management during the 4th quarter worth $40,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the subject of a number of analyst reports. Weiss Ratings upgraded Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Stifel Nicolaus boosted their price target on Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Royal Bank Of Canada upped their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. TD Cowen upped their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company cut their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. One investment 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 company. Based on data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.67.

Waste Management Trading Up 0.2%

Shares of Waste Management stock opened at $218.09 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The firm has a market cap of $87.58 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 2.28 and a beta of 0.49. The business has a fifty day simple moving average of $227.00 and a 200-day simple moving average of $223.51. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data 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 business had revenue of $6.23 billion during 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%.The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 earnings per share. On average, equities analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given 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 dividend yield of 1.7%. Waste Management’s payout ratio is 54.70%.

Insider Buying and Selling

In other news, VP Michael J. Watson sold 17,251 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $241.81, for a total transaction of $4,171,464.31. Following the sale, the vice president directly owned 44,146 shares of the company’s stock, valued at $10,674,944.26. The trade was a 28.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tara J. Hemmer sold 4,818 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $241.83, for a total value of $1,165,136.94. Following the sale, the senior vice president directly owned 78,918 shares in the company, valued at $19,084,739.94. This trade represents a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,296 shares of company stock valued at $8,569,283 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

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.