Jennison Associates LLC Acquires 1,302 Shares of Waste Management, Inc. (NYSE:WM)

Jennison Associates LLC lifted its position in Waste Management, Inc. (NYSE:WM) by 63.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,345 shares of the business services provider’s stock after buying an additional 1,302 shares during the period. Jennison Associates LLC’s holdings in Waste Management were worth $599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gilfoyle & Co LLC bought a new position in shares of Waste Management in the fourth quarter worth approximately $30,000. Millburn Ridgefield Corp bought a new position in Waste Management during the third quarter valued at approximately $35,000. Rational Advisors LLC bought a new position in Waste Management during the third quarter valued at approximately $41,000. Janiczek Wealth Management LLC lifted its position in Waste Management by 127.3% during the fourth quarter. Janiczek Wealth Management LLC now owns 300 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 168 shares during the period. Finally, Annapolis Financial Services LLC lifted its position in Waste Management by 40.1% during the third quarter. Annapolis Financial Services LLC now owns 325 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 93 shares during the period. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 3,275 shares of Waste Management stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $199.49, for a total value of $653,329.75. Following the sale, the executive vice president now directly owns 36,403 shares in the company, valued at approximately $7,262,034.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles C. Boettcher sold 3,275 shares of Waste Management stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $199.49, for a total transaction of $653,329.75. Following the completion of the transaction, the executive vice president now directly owns 36,403 shares of the company’s stock, valued at $7,262,034.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,007 shares of company stock worth $3,696,520. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WM. HSBC downgraded shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a research report on Thursday, February 15th. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and upped their target price for the company from $190.00 to $205.00 in a report on Wednesday, February 14th. Oppenheimer upped their target price on shares of Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a report on Friday. Finally, Raymond James upped their target price on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a report on Friday. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $214.21.

Waste Management Stock Performance

Shares of NYSE WM opened at $210.10 on Monday. The firm has a fifty day moving average price of $208.54 and a 200-day moving average price of $187.29. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a market cap of $84.27 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 2.81 and a beta of 0.72. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $214.54.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 earnings per share. Equities analysts anticipate that Waste Management, Inc. will post 7.09 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.75 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Thursday, March 14th. Waste Management’s payout ratio is currently 49.10%.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.