Capital International Inc. CA Grows Stock Holdings in Waste Management, Inc. $WM

Capital International Inc. CA raised its position in shares of Waste Management, Inc. (NYSE:WM) by 42.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,830 shares of the business services provider’s stock after buying an additional 6,500 shares during the period. Capital International Inc. CA’s holdings in Waste Management were worth $4,796,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Elevated Capital Advisors LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at about $25,000. RHL Group LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at about $29,000. JPL Wealth Management LLC purchased a new stake in shares of Waste Management during the third quarter valued at about $30,000. Kelleher Financial Advisors acquired a new position in shares of Waste Management during the fourth quarter valued at about $31,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Waste Management during the fourth quarter valued at about $34,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Trading Down 1.9%

Waste Management stock opened at $216.13 on Tuesday. 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. The stock’s 50 day simple moving average is $223.41 and its two-hundred day simple moving average is $224.62. The firm has a market cap of $86.79 billion, a PE ratio of 31.28, a P/E/G ratio of 2.30 and a beta of 0.45.

Waste Management (NYSE:WM) last released its quarterly earnings data 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. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm posted $1.67 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The business 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. 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 (DPR) is currently 54.70%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WM. Wells Fargo & Company cut their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a report on Wednesday, May 27th. Barclays upped their price objective on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wolfe Research began coverage on shares of Waste Management in a report on Friday, March 13th. They set a “peer perform” rating on the stock. Finally, Robert W. Baird upped their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $255.30.

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.