Northeast Investment Management Has $26.80 Million Holdings in Waste Management, Inc. (NYSE:WM)

Northeast Investment Management lifted its stake in Waste Management, Inc. (NYSE:WM) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,824 shares of the business services provider’s stock after purchasing an additional 3,769 shares during the quarter. Waste Management accounts for 1.2% of Northeast Investment Management’s portfolio, making the stock its 25th largest position. Northeast Investment Management’s holdings in Waste Management were worth $26,803,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC increased its position in Waste Management by 2.1% during the third quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock worth $1,686,203,000 after buying an additional 168,818 shares during the last quarter. Parnassus Investments LLC boosted its stake in shares of Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after acquiring an additional 520,096 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after acquiring an additional 280,455 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Waste Management by 94,414.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after purchasing an additional 2,588,842 shares during the last quarter. Finally, Barclays PLC boosted its position in Waste Management by 12.8% during the third quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock worth $505,175,000 after purchasing an additional 276,287 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 0.0 %

Shares of WM opened at $224.94 on Friday. The stock has a 50 day simple moving average of $211.84 and a 200-day simple moving average of $211.44. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a market cap of $90.28 billion, a PE ratio of 33.08, a PEG ratio of 2.70 and a beta of 0.78. Waste Management, Inc. has a 1 year low of $187.48 and a 1 year high of $230.39.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. On average, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is currently 44.12%.

Wall Street Analyst Weigh In

WM has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Scotiabank lifted their price target on Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Finally, Argus raised their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $234.50.

Insider Transactions at Waste Management

In related news, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the sale, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Johnson Varkey sold 560 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the transaction, the senior vice president now owns 9,152 shares in the company, valued at $2,014,446.72. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock valued at $3,578,340 in the last three months. 0.18% of the stock is owned by corporate insiders.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.