Mariner LLC Has $136.67 Million Stock Position in Waste Management, Inc. $WM

Mariner LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 621,957 shares of the business services provider’s stock after buying an additional 38,107 shares during the period. Mariner LLC owned 0.15% of Waste Management worth $136,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Waste Management by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after acquiring an additional 553,605 shares during the last quarter. State Street Corp boosted its holdings in Waste Management by 1.6% in the fourth quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock valued at $3,820,921,000 after acquiring an additional 281,456 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Waste Management by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock valued at $1,972,371,000 after acquiring an additional 117,476 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Waste Management by 5.1% in the third quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock valued at $1,250,613,000 after acquiring an additional 277,250 shares during the last quarter. Finally, Norges Bank bought a new position in Waste Management in the fourth quarter valued at about $1,022,916,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 1.2%

NYSE:WM opened at $216.88 on Tuesday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week 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 stock has a market capitalization of $87.10 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 2.29 and a beta of 0.45. The business’s 50-day simple moving average is $222.41 and its 200-day simple moving average is $224.78.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share 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 business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the business posted $1.67 EPS. Waste Management’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, June 5th. Waste Management’s payout ratio is 54.70%.

Analysts Set New Price Targets

WM has been the topic of several analyst reports. TD Cowen increased their target price on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird increased their target price on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Barclays increased their target price on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wolfe Research initiated coverage on Waste Management in a research note on Friday, March 13th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company cut their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $255.30.

Waste Management 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.