Waste Management, Inc. (NYSE:WM) Stock Holdings Lifted by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 679.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 221,055 shares of the business services provider’s stock after acquiring an additional 192,703 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Waste Management were worth $44,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arete Wealth Advisors LLC lifted its position in shares of Waste Management by 41.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 4,005 shares of the business services provider’s stock valued at $808,000 after acquiring an additional 1,179 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in Waste Management by 14.5% during the 4th quarter. Motley Fool Asset Management LLC now owns 21,029 shares of the business services provider’s stock valued at $4,243,000 after purchasing an additional 2,664 shares during the period. World Investment Advisors lifted its holdings in shares of Waste Management by 32.0% in the fourth quarter. World Investment Advisors now owns 12,429 shares of the business services provider’s stock valued at $2,508,000 after purchasing an additional 3,016 shares in the last quarter. OneAscent Financial Services LLC boosted its position in shares of Waste Management by 14.1% in the fourth quarter. OneAscent Financial Services LLC now owns 6,287 shares of the business services provider’s stock worth $1,269,000 after buying an additional 776 shares during the period. Finally, Bryce Point Capital LLC purchased a new position in shares of Waste Management during the fourth quarter valued at $469,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Waste Management

In other Waste Management news, CAO John A. Carroll sold 1,251 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $225.92, for a total value of $282,625.92. Following the completion of the sale, the chief accounting officer now directly owns 8,420 shares of the company’s stock, valued at $1,902,246.40. This represents a 12.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John J. Morris sold 19,153 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the transaction, the executive vice president now owns 85,257 shares in the company, valued at approximately $19,158,100.47. The trade was a 18.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,577 shares of company stock valued at $21,662,464 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley raised their price objective on Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. StockNews.com cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Stifel Nicolaus upped their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup lifted their target price on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $236.65.

Waste Management Trading Up 0.4 %

Shares of WM stock opened at $234.64 on Thursday. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $235.81. The company has a market cap of $94.35 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The business’s 50 day moving average is $225.85 and its two-hundred day moving average is $217.10.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. Equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.825 per share. This is an increase from Waste Management’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.30 annualized dividend and a yield of 1.41%. Waste Management’s dividend payout ratio is presently 48.53%.

Waste Management Company Profile

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.