Waste Management, Inc. (NYSE:WM) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of Waste Management, Inc. (NYSE:WMFree Report) by 8.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 231,808 shares of the business services provider’s stock after buying an additional 17,351 shares during the quarter. Victory Capital Management Inc.’s holdings in Waste Management were worth $35,337,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in WM. Acadian Asset Management LLC boosted its holdings in Waste Management by 534.5% during the first quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock worth $530,000 after buying an additional 2,817 shares in the last quarter. Blair William & Co. IL boosted its holdings in Waste Management by 0.7% during the first quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock worth $8,411,000 after buying an additional 370 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Waste Management by 0.6% during the first quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock worth $56,842,000 after buying an additional 2,309 shares in the last quarter. Covestor Ltd lifted its holdings in Waste Management by 83.8% during the first quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 310 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Waste Management by 44.8% during the first quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock valued at $5,234,000 after purchasing an additional 10,212 shares in the last quarter. 78.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Waste Management

In other news, EVP Charles C. Boettcher sold 2,500 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $184.50, for a total transaction of $461,250.00. Following the completion of the transaction, the executive vice president now owns 32,959 shares of the company’s stock, valued at approximately $6,080,935.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $184.50, for a total value of $461,250.00. Following the completion of the sale, the executive vice president now owns 32,959 shares of the company’s stock, valued at $6,080,935.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James C. Fish, Jr. sold 9,550 shares of Waste Management stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $182.00, for a total transaction of $1,738,100.00. Following the completion of the sale, the chief executive officer now owns 152,838 shares of the company’s stock, valued at approximately $27,816,516. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,833 shares of company stock worth $9,750,104. Corporate insiders own 0.27% of the company’s stock.

Waste Management Price Performance

Shares of NYSE WM opened at $187.11 on Wednesday. The firm has a market capitalization of $75.36 billion, a P/E ratio of 33.12, a PEG ratio of 2.71 and a beta of 0.71. Waste Management, Inc. has a one year low of $148.31 and a one year high of $187.22. The company’s fifty day moving average is $177.81 and its two-hundred day moving average is $167.13. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.80 and a current ratio of 0.84.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.70 dividend. The ex-dividend date was Thursday, November 30th. This represents a $2.80 dividend on an annualized basis and a yield of 1.50%. Waste Management’s dividend payout ratio (DPR) is 49.56%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Waste Management in a report on Tuesday, October 17th. They set a “peer perform” rating on the stock. Raymond James decreased their price objective on shares of Waste Management from $179.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. StockNews.com initiated coverage on shares of Waste Management in a report on Thursday, October 5th. They set a “buy” rating on the stock. Stifel Nicolaus increased their target price on shares of Waste Management from $183.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Finally, Wells Fargo & Company initiated coverage on shares of Waste Management in a research report on Monday, November 27th. They issued an “equal weight” rating and a $175.00 target price for the company. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $181.29.

View Our Latest Stock Report on WM

About Waste Management

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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