O Shaughnessy Asset Management LLC Sells 6,818 Shares of Waste Management, Inc. $WM

O Shaughnessy Asset Management LLC lowered its stake in Waste Management, Inc. (NYSE:WM) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,849 shares of the business services provider’s stock after selling 6,818 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Waste Management were worth $23,256,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WM. Elevated Capital Advisors LLC bought a new position in Waste Management in the fourth quarter valued at approximately $25,000. RHL Group LLC bought a new position in Waste Management in the fourth quarter valued at approximately $29,000. JPL Wealth Management LLC bought a new position in Waste Management in the third quarter valued at approximately $30,000. Kelleher Financial Advisors bought a new stake in shares of Waste Management in the fourth quarter worth $31,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Waste Management in the fourth quarter worth $34,000. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays boosted their price objective 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. TD Cowen boosted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Wolfe Research started coverage on shares of Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, May 27th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Price Performance

Shares of WM opened at $216.13 on Tuesday. The firm has a market capitalization of $86.79 billion, a PE ratio of 31.28, a PEG ratio of 2.30 and a beta of 0.45. The company’s 50-day moving average is $223.41 and its 200-day moving average is $224.62. 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 debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89.

Waste Management (NYSE:WM) last issued 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. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Equities analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, June 5th. Waste Management’s dividend payout ratio is presently 54.70%.

Waste Management 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.