O Shaughnessy Asset Management LLC Sells 6,818 Shares of Waste Management, Inc. $WM

O Shaughnessy Asset Management LLC lowered its stake in Waste Management, Inc. (NYSE:WM) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,849 shares of the business services provider’s stock after selling 6,818 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Waste Management were worth $23,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Broadway Wealth Solutions Inc. lifted its holdings in shares of Waste Management by 2.8% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after acquiring an additional 44 shares during the last quarter. San Luis Wealth Advisors LLC raised its holdings in Waste Management by 2.4% in the 4th quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock valued at $422,000 after buying an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC raised its holdings in Waste Management by 0.7% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock valued at $1,341,000 after buying an additional 45 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its holdings in Waste Management by 1.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock valued at $527,000 after buying an additional 45 shares during the last quarter. Finally, Old Port Advisors raised its holdings in Waste Management by 0.3% in the 4th quarter. Old Port Advisors now owns 16,963 shares of the business services provider’s stock valued at $3,727,000 after buying an additional 46 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $216.13 on Tuesday. The company has a market capitalization of $86.79 billion, a PE ratio of 31.28, a P/E/G ratio of 2.30 and a beta of 0.45. 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 quick ratio of 0.89 and a current ratio of 0.93. The company has a 50 day simple moving average of $223.41 and a two-hundred day simple moving average of $224.62.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. Waste Management’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 earnings per share. Research analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a report on Wednesday, May 27th. Wolfe Research assumed coverage on shares of Waste Management in a report on Friday, March 13th. They issued a “peer perform” rating for the company. Wells Fargo & Company dropped their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Barclays raised their price objective on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock 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.