Capital International Inc. CA Purchases Shares of 15,330 Waste Management, Inc. $WM

Capital International Inc. CA bought a new position in Waste Management, Inc. (NYSE:WMFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,330 shares of the business services provider’s stock, valued at approximately $3,385,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Waste Management by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock valued at $8,487,924,000 after purchasing an additional 774,255 shares in the last quarter. Geode Capital Management LLC lifted its position in Waste Management by 1.5% during the second quarter. Geode Capital Management LLC now owns 8,647,146 shares of the business services provider’s stock valued at $1,972,856,000 after buying an additional 126,329 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Waste Management by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 5,390,971 shares of the business services provider’s stock worth $1,232,131,000 after buying an additional 74,528 shares during the period. Norges Bank purchased a new position in shares of Waste Management in the 2nd quarter valued at $1,064,206,000. Finally, Amundi boosted its position in Waste Management by 8.6% during the 2nd quarter. Amundi now owns 3,596,281 shares of the business services provider’s stock worth $804,809,000 after purchasing an additional 284,733 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In other news, VP Michael J. Watson sold 17,251 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $241.81, for a total transaction of $4,171,464.31. Following the completion of the transaction, the vice president directly owned 44,146 shares in the company, valued at approximately $10,674,944.26. The trade was a 28.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Tara J. Hemmer sold 4,818 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $241.83, for a total value of $1,165,136.94. Following the completion of the sale, the senior vice president owned 78,918 shares in the company, valued at approximately $19,084,739.94. This represents a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 98,042 shares of company stock valued at $23,039,777. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Shares of WM opened at $236.30 on Thursday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a fifty day moving average price of $229.03 and a 200 day moving average price of $220.16. The company has a market cap of $95.31 billion, a P/E ratio of 35.27, a PEG ratio of 2.49 and a beta of 0.57.

Waste Management (NYSE:WMGet Free Report) last posted its earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 earnings per share. On average, research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.945 dividend. The ex-dividend date is Friday, March 13th. This is an increase from Waste Management’s previous quarterly dividend of $0.83. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is 49.25%.

Analyst Ratings Changes

A number of research firms have recently issued reports on WM. Wells Fargo & Company lifted their price objective on shares of Waste Management from $246.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Sanford C. Bernstein increased their price target on shares of Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Weiss Ratings upgraded Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Barclays reduced their target price on Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. upped their price target on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $253.55.

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Waste Management Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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