Xponance LLC Purchases 5,178 Shares of Waste Management, Inc. $WM

Xponance LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,080 shares of the business services provider’s stock after purchasing an additional 5,178 shares during the quarter. Xponance LLC’s holdings in Waste Management were worth $21,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. TCTC Holdings LLC lifted its position in Waste Management by 0.5% during the fourth quarter. TCTC Holdings LLC now owns 457,662 shares of the business services provider’s stock worth $100,553,000 after purchasing an additional 2,147 shares during the period. SmartHarvest Portfolios LLC bought a new stake in Waste Management during the fourth quarter worth about $321,000. Vaughan David Investments LLC IL lifted its position in Waste Management by 5.8% during the fourth quarter. Vaughan David Investments LLC IL now owns 195,915 shares of the business services provider’s stock worth $43,044,000 after purchasing an additional 10,695 shares during the period. YCG LLC lifted its holdings in shares of Waste Management by 0.3% in the fourth quarter. YCG LLC now owns 245,540 shares of the business services provider’s stock worth $53,948,000 after acquiring an additional 753 shares during the last quarter. Finally, Scholtz & Company LLC lifted its holdings in shares of Waste Management by 1.5% in the fourth quarter. Scholtz & Company LLC now owns 19,257 shares of the business services provider’s stock worth $4,231,000 after acquiring an additional 278 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WM shares. Barclays increased their target price on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Wells Fargo & Company dropped their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Robert W. Baird increased their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. increased their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a report on Wednesday, May 27th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Stock Performance

Waste Management stock opened at $218.90 on Friday. The business has a 50 day moving average of $223.01 and a 200-day moving average of $224.72. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The company has a market capitalization of $87.90 billion, a P/E ratio of 31.68, a P/E/G ratio of 2.34 and a beta of 0.45.

Waste Management (NYSE:WM) last released 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. 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 during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a $0.945 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. 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.