American Century Companies Inc. Reduces Stake in Waste Management, Inc. (NYSE:WM)

American Century Companies Inc. decreased its position in Waste Management, Inc. (NYSE:WM – Free Report) by 3.

5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 72,599 shares of the business services provider’s stock after selling 2,632 shares during the period. American Century Companies Inc.



’s holdings in Waste Management were worth $14,650,000 at the end of the most recent reporting period. A number of other hedge funds have also made changes to their positions in the company. Geo Capital Gestora de Recursos Ltd raised its position in shares of Waste Management by 172.

2% during the 4th quarter. Geo Capital Gestora de Recursos Ltd now owns 14,718 shares of the business services provider’s stock worth $2,970,000 after purchasing an additional 9,310 shares during the last quarter. Plancorp LLC acquired a new position in shares of Waste Management in the fourth quarter worth $225,000.

Mizuho Securities USA LLC lifted its position in shares of Waste Management by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 34,617 shares of the business services provider’s stock valued at $6,985,000 after acquiring an additional 10,936 shares in the last quarter.

Virtu Financial LLC acquired a new stake in shares of Waste Management during the fourth quarter valued at $3,568,000. Finally, Sciencast Management LP purchased a new stake in Waste Management during the 4th quarter worth about $780,000. Hedge funds and other institutional investors own 80.

40% of the company’s stock. Waste Management Trading Up 1.0 %NYSE:WM opened at $233.

85 on Wednesday. The business’s 50-day moving average is $225.39 and its two-hundred day moving average is $216.

98. The firm has a market capitalization of $94.03 billion, a PE ratio of 34.

39, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75.

Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $235.

81. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.

76 and a quick ratio of 0.85. Waste Management (NYSE:WM – Get Free Report) last released its quarterly earnings results on Wednesday, January 29th.

The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.

09). Waste Management had a return on equity of 37.93% and a net margin of 12.

45%. Research analysts predict that Waste Management, Inc. will post 7.

7 earnings per share for the current fiscal year. Waste Management Increases DividendThe firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.

825 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.

30 dividend on an annualized basis and a yield of 1.41%. This is an increase from Waste Management’s previous quarterly dividend of $0.

75. Waste Management’s dividend payout ratio is currently 48.53%.

Insider Buying and Selling at Waste ManagementIn other news, SVP Johnson Varkey sold 124 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $234.96, for a total transaction of $29,135.

04. Following the transaction, the senior vice president now owns 8,491 shares of the company’s stock, valued at approximately $1,995,045.36.

This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Also, VP Donald J. Smith sold 191 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.

22, for a total value of $42,062.02. Following the completion of the sale, the vice president now directly owns 6,129 shares of the company’s stock, 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 sold a total of 95,577 shares of company stock worth $21,662,464 in the last 90 days. 0.

18% of the stock is owned by corporate insiders. Analyst Ratings ChangesSeveral equities research analysts have issued reports on WM shares. Morgan Stanley lifted their price target on shares of Waste Management from $227.

00 to $235.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. StockNews.

com downgraded Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Raymond James increased their target price on Waste Management from $235.

00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Scotiabank upped their price objective on shares of Waste Management from $250.

00 to $255.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock.

Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $236.65.

Get Our Latest Stock Analysis on Waste ManagementWaste Management Company Profile (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.Featured StoriesFive stocks we like better than Waste ManagementShould You Add These Warren Buffett Stocks to Your Portfolio?D-Wave: Multiple Use Cases Emerge Following Quantum SupremacyHow to Evaluate a Stock Before Buying Amazon Falls Back to a Key Support Line: Here’s How to Play ItWhy Invest in High-Yield Dividend Stocks?Buffett Trims Equities, But Still Keeps Buying This Stock 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:WM – Free Report)..