WINTON GROUP Ltd Acquires Shares of 3,790 Waste Management, Inc. $WM

WINTON GROUP Ltd 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 SEC. The firm purchased 3,790 shares of the business services provider’s stock, valued at approximately $833,000.

Several other large investors also recently modified their holdings of the stock. Elevated Capital Advisors LLC bought a new position in Waste Management in the 4th quarter valued at $25,000. RHL Group LLC bought a new position in Waste Management in the 4th quarter valued at $29,000. JPL Wealth Management LLC bought a new position in Waste Management in the 3rd quarter valued at $30,000. Kelleher Financial Advisors bought a new position in Waste Management in the 4th quarter valued at $31,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Waste Management during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $221.12 on Wednesday. The stock has a fifty day moving average price of $223.34 and a 200-day moving average price of $224.65. The company has a market cap of $88.80 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.26 and a beta of 0.45. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM) last issued its quarterly earnings results 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 return on equity of 31.90% and a net margin of 10.99%.The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Dividend Announcement

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

Analysts Set New Price Targets

WM has been the topic of a number of analyst reports. Barclays boosted their price objective on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird boosted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Wells Fargo & Company dropped their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, May 27th. Finally, TD Cowen increased their price objective on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $255.30.

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.