Clare Market Investments LLC Buys Shares of 19,807 Waste Management, Inc. $WM

Clare Market Investments LLC bought a new stake in Waste Management, Inc. (NYSE:WM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,807 shares of the business services provider’s stock, valued at approximately $4,551,000. Waste Management accounts for approximately 1.0% of Clare Market Investments LLC’s investment portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Waste Management in the fourth quarter valued at about $1,022,916,000. Capital International Investors raised its holdings in Waste Management by 218.3% during the third quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock worth $302,494,000 after purchasing an additional 939,455 shares during the last quarter. Holocene Advisors LP boosted its position in shares of Waste Management by 163.7% in the 3rd quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock worth $309,317,000 after buying an additional 869,453 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Waste Management by 279.0% during the 4th quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock valued at $236,387,000 after acquiring an additional 792,037 shares in the last quarter. Finally, Diamant Asset Management Inc. increased its stake in shares of Waste Management by 23,051.5% during the 1st quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock worth $17,716,000 after purchasing an additional 767,615 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price objective 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. Canadian Imperial Bank of Commerce raised Waste Management from a “neutral” rating to an “outperformer” rating and set a $244.00 price objective for the company in a research report on Tuesday. Wolfe Research initiated coverage on shares of Waste Management in a report on Friday, March 13th. They set a “peer perform” rating on the stock. TD Cowen lifted their price target on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Robert W. Baird raised their price objective on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $255.95.

Waste Management Trading Up 2.7%

NYSE:WM opened at $235.23 on Tuesday. The company has a market cap of $94.46 billion, a PE ratio of 34.08, a P/E/G ratio of 2.41 and a beta of 0.44. The business’s 50 day moving average is $220.41 and its two-hundred day moving average is $225.46. 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, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13.

Waste Management (NYSE:WM) last issued its 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 firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. Waste Management’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.67 earnings per share. On average, analysts predict that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is currently 54.70%.

Waste Management Company 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.