Gulf International Bank UK Ltd Purchases 163 Shares of Waste Management, Inc. (NYSE:WM)

Gulf International Bank UK Ltd lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 33,590 shares of the business services provider’s stock after acquiring an additional 163 shares during the period. Gulf International Bank UK Ltd’s holdings in Waste Management were worth $7,159,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Waste Management in the fourth quarter valued at about $784,486,000. Mirova US LLC increased its position in shares of Waste Management by 26,116.4% during the fourth quarter. Mirova US LLC now owns 913,904 shares of the business services provider’s stock valued at $163,680,000 after buying an additional 910,418 shares during the period. Capital World Investors boosted its stake in Waste Management by 40.6% during the fourth quarter. Capital World Investors now owns 2,923,403 shares of the business services provider’s stock worth $523,581,000 after acquiring an additional 844,298 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Waste Management by 128.2% during the third quarter. OMERS ADMINISTRATION Corp now owns 898,796 shares of the business services provider’s stock worth $137,012,000 after acquiring an additional 504,924 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Waste Management by 13,927.7% during the fourth quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock worth $90,319,000 after acquiring an additional 500,701 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Up 0.1 %

Shares of WM stock opened at $208.99 on Friday. Waste Management, Inc. has a 12 month low of $149.71 and a 12 month high of $214.54. The stock has a market cap of $83.82 billion, a P/E ratio of 34.20, a P/E/G ratio of 2.43 and a beta of 0.74. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. The company has a 50 day simple moving average of $207.37 and a two-hundred day simple moving average of $198.50.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 earnings per share. On average, research analysts expect that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a $0.75 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Insider Transactions at Waste Management

In other news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now directly owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

WM has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Raymond James upped their target price on shares of Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Waste Management in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 target price on the stock. Jefferies Financial Group upped their target price on shares of Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Royal Bank of Canada boosted their price objective on shares of Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $217.61.

About Waste Management

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.