Waste Management, Inc. $WM Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its holdings in Waste Management, Inc. (NYSE:WM) by 29.6% in the first quarter, Holdings Channel reports. The fund owned 18,677 shares of the business services provider’s stock after buying an additional 4,264 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Waste Management were worth $4,292,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in Waste Management in the fourth quarter worth approximately $10,206,000. Capital Advisors Inc. OK lifted its stake in shares of Waste Management by 2.0% in the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock valued at $43,192,000 after purchasing an additional 3,880 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Waste Management by 18.5% during the 4th quarter. KLP Kapitalforvaltning AS now owns 236,153 shares of the business services provider’s stock worth $51,885,000 after purchasing an additional 36,900 shares during the period. LBP AM SA increased its position in shares of Waste Management by 24.1% during the 4th quarter. LBP AM SA now owns 46,640 shares of the business services provider’s stock worth $10,247,000 after purchasing an additional 9,071 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Waste Management by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider’s stock valued at $105,776,000 after buying an additional 14,003 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WM shares. Citigroup increased their target price on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Oppenheimer dropped their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Royal Bank Of Canada raised their price target on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Finally, Weiss Ratings cut Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.74.

Waste Management Stock Performance

Shares of WM stock opened at $238.09 on Tuesday. The firm has a 50 day moving average of $224.48 and a two-hundred day moving average of $227.26. The stock has a market capitalization of $95.61 billion, a PE ratio of 34.46, a P/E/G ratio of 2.90 and a beta of 0.44. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.67 earnings per share. On average, research analysts predict that Waste Management, Inc. will post 8.16 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a dividend of $0.945 per share. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is 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.