Waste Management, Inc. $WM Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 214,376 shares of the business services provider’s stock after purchasing an additional 26,411 shares during the period. Rockefeller Capital Management L.P. owned about 0.05% of Waste Management worth $47,101,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevated Capital Advisors LLC bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $25,000. RHL Group LLC bought a new position in Waste Management during the fourth quarter worth $29,000. Financial Network Wealth Advisors LLC boosted its holdings in Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after purchasing an additional 47 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in Waste Management during the fourth quarter valued at $29,000. Finally, JPL Wealth Management LLC bought a new stake in Waste Management during the third quarter valued at $30,000. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Down 0.1%

WM stock opened at $214.40 on Friday. The stock has a market cap of $86.10 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. The firm’s 50-day simple moving average is $221.00 and its 200 day simple moving average is $224.68. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. 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 posted its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the business posted $1.67 EPS. Waste Management’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio is 54.70%.

Wall Street Analyst Weigh In

WM has been the topic of a number of recent research reports. Barclays raised their price target on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. TD Cowen raised their target price on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Robert W. Baird upped their target price on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Finally, Wolfe Research began coverage on Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating on the stock. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

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.