Radnor Capital Management LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,625 shares of the business services provider’s stock after purchasing an additional 350 shares during the period. Radnor Capital Management LLC’s holdings in Waste Management were worth $2,079,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Slow Capital Inc. purchased a new stake in Waste Management during the 3rd quarter worth approximately $33,000. Holloway Wealth Management LLC purchased a new position in Waste Management in the 3rd quarter valued at $34,000. Clear Harbor Asset Management LLC purchased a new position in Waste Management in the 3rd quarter valued at $40,000. Dimension Capital Management LLC purchased a new position in Waste Management in the 3rd quarter valued at $40,000. Finally, Capital Advisory Group Advisory Services LLC grew its position in Waste Management by 50.4% in the 3rd quarter. Capital Advisory Group Advisory Services LLC now owns 370 shares of the business services provider’s stock valued at $42,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 71.42% of the company’s stock.

A number of equities analysts recently weighed in on the stock. CIBC lifted their price objective on shares of Waste Management from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, November 3rd. Royal Bank of Canada reiterated a “neutral” rating on shares of Waste Management in a research report on Sunday, November 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Waste Management from $111.00 to $119.00 and gave the company a “hold” rating in a research note on Wednesday, November 4th. Oppenheimer boosted their target price on shares of Waste Management from $123.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, November 3rd. Finally, Bank of America downgraded shares of Waste Management from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research note on Tuesday, October 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $117.07.

Shares of Waste Management stock traded up $0.02 on Wednesday, hitting $116.42. 42,918 shares of the company’s stock traded hands, compared to its average volume of 1,557,730. The stock has a market cap of $49.20 billion, a P/E ratio of 30.79, a PEG ratio of 4.70 and a beta of 0.72. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.39. The firm’s 50-day moving average is $117.44 and its 200 day moving average is $113.54. Waste Management, Inc. has a 52-week low of $85.34 and a 52-week high of $126.79.

Waste Management (NYSE:WM) last released its earnings results on Monday, November 2nd. The business services provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Waste Management had a return on equity of 25.84% and a net margin of 10.66%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 EPS. Equities research analysts forecast that Waste Management, Inc. will post 3.84 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 18th. Investors of record on Friday, December 4th were given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, December 3rd. Waste Management’s dividend payout ratio is currently 49.55%.

Waste Management announced that its board has initiated a share repurchase plan on Monday, December 14th that permits the company to buyback $1.35 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

In other news, SVP Tara J. Hmmer sold 8,852 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $123.85, for a total transaction of $1,096,320.20. Following the completion of the transaction, the senior vice president now directly owns 27,904 shares in the company, valued at $3,455,910.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles C. Boettcher sold 2,558 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $120.00, for a total value of $306,960.00. Following the transaction, the executive vice president now owns 15,039 shares of the company’s stock, valued at $1,804,680. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,070 shares of company stock worth $12,360,123. Corporate insiders own 0.16% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

Further Reading: Monthly Dividend Stocks

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:WM).

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.