UniSuper Management Pty Ltd Sells 47,696 Shares of Waste Management, Inc. $WM

UniSuper Management Pty Ltd decreased its stake in Waste Management, Inc. (NYSE:WM) by 26.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,449 shares of the business services provider’s stock after selling 47,696 shares during the period. UniSuper Management Pty Ltd’s holdings in Waste Management were worth $28,881,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Elevated Capital Advisors LLC bought a new position in Waste Management during the fourth quarter worth about $25,000. RHL Group LLC bought a new position in Waste Management during the fourth quarter worth about $29,000. JPL Wealth Management LLC bought a new position in Waste Management during the third quarter worth about $30,000. Kelleher Financial Advisors bought a new position in Waste Management during the fourth quarter worth about $31,000. Finally, Godfrey Financial Associates Inc. bought a new position in Waste Management during the fourth quarter worth about $34,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 2.4%

Shares of NYSE:WM opened at $218.90 on Friday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The stock has a market cap of $87.90 billion, a PE ratio of 31.68, a P/E/G ratio of 2.34 and a beta of 0.45. The business has a 50 day moving average of $223.01 and a 200-day moving average of $224.72. 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 (NYSE:WM) last issued its quarterly earnings data 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. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. As a group, equities research 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 declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, June 5th. Waste Management’s payout ratio is presently 54.70%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a report on Wednesday, May 27th. Wolfe Research began coverage on Waste Management in a report on Friday, March 13th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. boosted their price objective on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Finally, TD Cowen boosted their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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.