Miller Howard Investments Inc. NY Acquires 3,384 Shares of Waste Management, Inc. $WM

Miller Howard Investments Inc. NY grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 8.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,419 shares of the business services provider’s stock after buying an additional 3,384 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Waste Management were worth $10,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Waste Management by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock worth $8,566,508,000 after buying an additional 553,605 shares during the period. State Street Corp raised its holdings in Waste Management by 1.6% in the 4th quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock worth $3,820,921,000 after purchasing an additional 281,456 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Waste Management by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock worth $1,972,371,000 after purchasing an additional 117,476 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Waste Management by 5.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock valued at $1,250,613,000 after purchasing an additional 277,250 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Waste Management during the fourth quarter valued at about $1,022,916,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WM has been the topic of several research reports. Royal Bank Of Canada lifted their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Robert W. Baird raised their target price on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. TD Cowen upped their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Barclays increased their price objective on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Wolfe Research started coverage on shares of Waste Management in a report on Friday, March 13th. They set a “peer perform” rating on the stock. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Price Performance

WM stock opened at $219.04 on Wednesday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a 50 day moving average price of $220.39 and a 200-day moving average price of $224.75. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The firm has a market capitalization of $87.96 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.23 and a beta of 0.45.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the business posted $1.67 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio is currently 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.