Fideuram Asset Management Ireland dac Invests $1.10 Million in Waste Management, Inc. $WM

Fideuram Asset Management Ireland dac acquired a new position in shares of Waste Management, Inc. (NYSE:WM) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 4,816 shares of the business services provider’s stock, valued at approximately $1,104,000.

Other institutional investors have also modified their holdings of the company. Guerra Advisors Inc raised its stake in Waste Management by 59.5% during the 3rd quarter. Guerra Advisors Inc now owns 9,037 shares of the business services provider’s stock worth $1,996,000 after acquiring an additional 3,371 shares in the last quarter. Capital Advisors Inc. OK raised its stake in Waste Management by 2.0% during the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock worth $43,192,000 after acquiring an additional 3,880 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Waste Management by 19.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,287 shares of the business services provider’s stock worth $15,301,000 after acquiring an additional 11,135 shares in the last quarter. Central Bank & Trust Co. raised its stake in Waste Management by 333.1% during the 4th quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock worth $1,855,000 after acquiring an additional 6,493 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in Waste Management by 11.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,881,975 shares of the business services provider’s stock worth $415,597,000 after acquiring an additional 195,092 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO John J. Morris sold 7,979 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $245.07, for a total transaction of $1,955,413.53. Following the transaction, the chief operating officer directly owned 98,656 shares in the company, valued at $24,177,625.92. The trade was a 7.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael J. Watson sold 17,251 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $241.81, for a total transaction of $4,171,464.31. Following the transaction, the vice president owned 44,146 shares in the company, valued at approximately $10,674,944.26. This trade represents a 28.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 35,222 shares of company stock valued at $8,552,294. 0.18% of the stock is owned by insiders.

Waste Management Trading Down 1.4%

NYSE WM opened at $211.32 on Friday. 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 market cap of $84.86 billion, a PE ratio of 30.58, a P/E/G ratio of 2.24 and a beta of 0.49. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The firm’s fifty day moving average is $224.81 and its two-hundred day moving average is $224.04.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the business posted $1.67 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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 dividend yield of 1.8%. The ex-dividend date is Friday, June 5th. Waste Management’s payout ratio is 54.70%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their price target 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. Robert W. Baird lifted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Royal Bank Of Canada lifted their price objective on shares of 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 lifted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Stifel Nicolaus lifted their price objective on shares of Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $255.67.

About Waste Management

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.