1. Waste Management, Inc. (NYSE: WM)
Number of Hedge Fund Holders: 37
Waste Management is one of the 10 best dividend stocks to buy for consistent growth and income. The company has 18 years of consecutive dividend hikes. In February, Waste Management increased its quarterly dividend by 6%. The stock is up 43% over the last 12 months. In the fourth quarter, the company posted non-GAAP EPS of $1.13, above the Street estimates by $0.04. Revenue in the period jumped 5.7% to $4.07 billion.
According to our database, the number of WM’s long hedge funds positions decreased at the end of the fourth quarter of 2020. There were 37 hedge funds that hold a position in Waste Management Inc. compared to 38 funds in the third quarter. The biggest stakeholder of the company is Bill & Melinda Gates Foundation Trust, with 18.6 million shares, worth $2.2 billion.