Curated Wealth Partners LLC Purchases Shares of 4,214 Waste Management, Inc. (NYSE:WM)

Curated Wealth Partners LLC bought a new position in Waste Management, Inc. (NYSE:WMFree Report) during the fourth quarter, Holdings Channel reports. The fund bought 4,214 shares of the business services provider’s stock, valued at approximately $850,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WM. International Assets Investment Management LLC increased its position in shares of Waste Management by 94,414.4% in the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after acquiring an additional 2,588,842 shares in the last quarter. Swedbank AB boosted its stake in Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after purchasing an additional 709,678 shares during the period. Parnassus Investments LLC grew its position in Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after purchasing an additional 520,096 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Waste Management by 32.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after purchasing an additional 437,613 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Waste Management by 138.0% in the third quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock worth $149,168,000 after buying an additional 416,579 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

NYSE:WM opened at $209.43 on Friday. The firm has a market capitalization of $84.06 billion, a PE ratio of 32.02, a PEG ratio of 2.17 and a beta of 0.77. Waste Management, Inc. has a 1 year low of $183.00 and a 1 year high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The firm’s fifty day simple moving average is $212.81 and its 200 day simple moving average is $211.28.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period last year, the business posted $1.63 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WM shares. William Blair assumed coverage on Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Stifel Nicolaus raised their price target on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. UBS Group boosted their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Oppenheimer increased their price objective on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $229.72.

Get Our Latest Research Report on Waste Management

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

About Waste Management

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

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

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.