Waste Management, Inc. (NYSE:WM) Stock Holdings Increased by Calamos Advisors LLC

Calamos Advisors LLC raised its position in Waste Management, Inc. (NYSE:WM) by 70.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,749 shares of the business services provider’s stock after purchasing an additional 114,236 shares during the quarter. Calamos Advisors LLC’s holdings in Waste Management were worth $55,643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliance Wealth Advisors LLC UT increased its position in shares of Waste Management by 25.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 1,293 shares of the business services provider’s stock valued at $261,000 after acquiring an additional 262 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in Waste Management by 5.7% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,373 shares of the business services provider’s stock worth $277,000 after buying an additional 74 shares during the last quarter. Chicago Capital LLC boosted its stake in Waste Management by 1.8% during the fourth quarter. Chicago Capital LLC now owns 15,966 shares of the business services provider’s stock worth $3,222,000 after acquiring an additional 278 shares in the last quarter. HHM Wealth Advisors LLC increased its position in shares of Waste Management by 45.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 8,293 shares of the business services provider’s stock worth $1,673,000 after acquiring an additional 2,597 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its position in shares of Waste Management by 5.2% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,082 shares of the business services provider’s stock valued at $1,429,000 after purchasing an additional 353 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WM. JPMorgan Chase & Co. raised their price target on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group dropped their target price on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Oppenheimer boosted their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, UBS Group raised their target price on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $234.50.

Waste Management Trading Up 1.6 %

WM opened at $223.89 on Tuesday. The stock has a market cap of $89.86 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.57 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a twelve month low of $187.20 and a twelve month high of $230.39. The company has a fifty day moving average of $212.19 and a 200-day moving average of $211.24.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. On average, sell-side analysts predict that Waste Management, Inc. will post 7.92 EPS for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is currently 44.12%.

Insider Transactions at Waste Management

In other news, CAO John A. Carroll sold 209 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.55, for a total value of $46,094.95. Following the transaction, the chief accounting officer now directly owns 9,066 shares in the company, valued at $1,999,506.30. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Donald J. Smith sold 191 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.22, for a total value of $42,062.02. Following the completion of the transaction, the vice president now directly owns 6,129 shares in the company, valued at approximately $1,349,728.38. This represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,653 shares of company stock valued at $364,287 in the last quarter. Insiders own 0.18% of the company’s stock.

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.