Waste Management, Inc. $WM Shares Bought by Capital Research Global Investors

Capital Research Global Investors raised its position in shares of Waste Management, Inc. (NYSE:WM) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,265,370 shares of the business services provider’s stock after purchasing an additional 240,546 shares during the quarter. Capital Research Global Investors’ holdings in Waste Management were worth $497,724,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WM. Elevated Capital Advisors LLC purchased a new stake in Waste Management during the 4th quarter valued at about $25,000. RHL Group LLC purchased a new stake in Waste Management during the 4th quarter valued at about $29,000. JPL Wealth Management LLC purchased a new stake in Waste Management during the 3rd quarter valued at about $30,000. Kelleher Financial Advisors purchased a new stake in Waste Management during the 4th quarter valued at about $31,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in Waste Management during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WM. Royal Bank Of Canada boosted their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. TD Cowen upped their target price on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Barclays upped their target price on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Robert W. Baird upped their target price on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $255.67.

Waste Management Stock Performance

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

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $6.23 billion for 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%.Waste Management’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 earnings per share. Analysts expect that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Announces Dividend

The company 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 $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, June 5th. Waste Management’s dividend payout ratio (DPR) 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.