Stance Capital LLC Takes Position in Waste Management, Inc. $WM

Stance Capital LLC purchased a new position in shares of Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,583 shares of the business services provider’s stock, valued at approximately $1,446,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WM. Rockefeller Capital Management L.P. increased its stake in shares of Waste Management by 14.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 214,376 shares of the business services provider’s stock worth $47,101,000 after acquiring an additional 26,411 shares during the period. World Investment Advisors lifted its position in Waste Management by 39.3% in the fourth quarter. World Investment Advisors now owns 18,716 shares of the business services provider’s stock valued at $4,112,000 after purchasing an additional 5,284 shares during the period. Green Ridge Wealth Planning LLC purchased a new stake in Waste Management in the 4th quarter valued at approximately $427,000. PeakShares LLC acquired a new position in Waste Management during the 4th quarter worth approximately $1,031,000. Finally, Corient Private Wealth LLC raised its stake in shares of Waste Management by 12.2% during the 4th quarter. Corient Private Wealth LLC now owns 318,619 shares of the business services provider’s stock worth $70,019,000 after buying an additional 34,750 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WM has been the subject of several recent analyst reports. Wolfe Research assumed coverage on Waste Management in a report on Friday, March 13th. They issued a “peer perform” rating for the company. Weiss Ratings cut Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. TD Cowen raised their target price on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays boosted their target price 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Price Performance

Shares of NYSE:WM opened at $214.40 on Friday. The firm has a market capitalization of $86.10 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The business’s 50 day simple moving average is $221.00 and its 200-day simple moving average is $224.68. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. As a group, equities analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.8%. Waste Management’s dividend payout ratio (DPR) is currently 54.70%.

Waste Management Company 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.