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

Capital International Investors raised its position in shares of Waste Management, Inc. (NYSE:WM) by 10.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,508,783 shares of the business services provider’s stock after purchasing an additional 138,978 shares during the quarter. Capital International Investors owned approximately 0.37% of Waste Management worth $331,495,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in shares of Waste Management during the 4th quarter worth approximately $25,000. RHL Group LLC bought a new stake in shares of Waste Management during the 4th quarter worth $29,000. JPL Wealth Management LLC bought a new stake in shares of Waste Management during the 3rd quarter worth $30,000. Kelleher Financial Advisors purchased a new stake in Waste Management in the 4th quarter worth about $31,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in Waste Management in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Up 0.0%

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

Waste Management (NYSE:WM) last posted 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 firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the company earned $1.67 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed 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 is Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s payout ratio is presently 54.70%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WM shares. Barclays lifted their target price on 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 Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating for the company. Royal Bank Of Canada boosted their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. TD Cowen boosted their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $255.67.

About Waste Management

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.