Hyman Charles D Has $652,000 Stake in Waste Management, Inc. (NYSE:WM)

Hyman Charles D increased its position in Waste Management, Inc. (NYSE:WM) by 5.4% in the fourth quarter, HoldingsChannel reports. The firm owned 3,641 shares of the business services provider’s stock after acquiring an additional 185 shares during the period. Hyman Charles D’s holdings in Waste Management were worth $652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. abrdn plc boosted its stake in shares of Waste Management by 315.7% during the 3rd quarter. abrdn plc now owns 1,457,393 shares of the business services provider’s stock valued at $222,165,000 after buying an additional 1,106,773 shares during the period. Mirova US LLC boosted its stake in shares of Waste Management by 26,116.4% during the 4th 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. Nordea Investment Management AB boosted its stake in shares of Waste Management by 16.9% during the 3rd quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider’s stock valued at $827,815,000 after buying an additional 776,491 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in shares of Waste Management by 128.2% during the 3rd quarter. OMERS ADMINISTRATION Corp now owns 898,796 shares of the business services provider’s stock valued at $137,012,000 after buying an additional 504,924 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Waste Management by 13,927.7% in the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock valued at $90,319,000 after purchasing an additional 500,701 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling

In related news, SVP Tara J. Hemmer sold 1,782 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total transaction of $363,937.86. Following the completion of the sale, the senior vice president now directly owns 55,591 shares of the company’s stock, valued at $11,353,349.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Waste Management news, EVP John J. Morris sold 8,889 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $207.46, for a total value of $1,844,111.94. Following the sale, the executive vice president now directly owns 95,461 shares in the company, valued at $19,804,339.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tara J. Hemmer sold 1,782 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total transaction of $363,937.86. Following the completion of the sale, the senior vice president now owns 55,591 shares in the company, valued at $11,353,349.93. The disclosure for this sale can be found here. Insiders sold a total of 18,007 shares of company stock valued at $3,696,520 over the last ninety days. Insiders own 0.18% of the company’s stock.

Waste Management Price Performance

NYSE:WM traded down $0.06 on Tuesday, reaching $210.50. The stock had a trading volume of 1,282,859 shares, compared to its average volume of 1,677,830. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $214.54. The stock has a fifty day moving average price of $209.04 and a 200-day moving average price of $189.80. The company has a market capitalization of $84.43 billion, a P/E ratio of 34.45, a price-to-earnings-growth ratio of 2.71 and a beta of 0.72. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23.

Waste Management (NYSE:WM) last announced its earnings results 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. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the business earned $1.31 earnings per share. Waste Management’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Waste Management, Inc. will post 7.26 EPS for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, March 14th. Waste Management’s payout ratio is 49.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WM shares. Citigroup lifted their price objective on shares of Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Morgan Stanley boosted their price objective on shares of Waste Management from $202.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. TD Cowen lifted their target price on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Robert W. Baird lifted their target price on shares of Waste Management from $214.00 to $222.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus lifted their target price on shares of Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Ten 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 stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.24.

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.