Mariner LLC Has $136.67 Million Stock Holdings in Waste Management, Inc. $WM

Mariner LLC boosted its position in Waste Management, Inc. (NYSE:WM) by 6.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 621,957 shares of the business services provider’s stock after purchasing an additional 38,107 shares during the quarter. Mariner LLC’s holdings in Waste Management were worth $136,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WM. Elevated Capital Advisors LLC acquired a new stake in Waste Management in the 4th quarter valued at approximately $25,000. RHL Group LLC acquired a new stake in Waste Management in the 4th quarter valued at approximately $29,000. Financial Network Wealth Advisors LLC raised its position in Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Waste Management during the 3rd quarter worth approximately $30,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Waste Management during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WM. Robert W. Baird lifted their target price on 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 reduced their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada boosted their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. TD Cowen boosted their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Stock Performance

NYSE:WM opened at $216.88 on Tuesday. The stock has a fifty day moving average price of $222.41 and a 200-day moving average price of $224.78. The company has a market cap of $87.10 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 2.29 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 released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, June 5th. Waste Management’s dividend payout ratio is presently 54.70%.

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.