DekaBank Deutsche Girozentrale Acquires 2,117 Shares of Waste Management, Inc. (NYSE:WM)

DekaBank Deutsche Girozentrale increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.4% in the first quarter, Holdings Channel.com reports. The firm owned 550,473 shares of the business services provider’s stock after purchasing an additional 2,117 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Waste Management were worth $117,973,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. McClarren Financial Advisors Inc. boosted its holdings in shares of Waste Management by 29.7% in the 1st quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock valued at $46,000 after buying an additional 49 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in shares of Waste Management by 1.2% in the 1st quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock valued at $911,000 after buying an additional 50 shares during the last quarter. McAdam LLC lifted its holdings in Waste Management by 4.0% during the 1st quarter. McAdam LLC now owns 1,317 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 51 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Waste Management by 4.4% during the 1st quarter. Larson Financial Group LLC now owns 1,228 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 52 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in Waste Management by 2.7% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,053 shares of the business services provider’s stock valued at $438,000 after purchasing an additional 53 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now directly owns 44,144 shares in the company, valued at $9,711,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the transaction, the vice president now directly owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, the vice president now directly owns 44,144 shares in the company, valued at $9,711,680. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Raymond James raised their price target on Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Truist Financial dropped their price objective on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. TD Cowen boosted their price objective on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a report on Monday, April 29th. The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada cut their price target on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $215.83.

Waste Management Trading Up 0.8 %

NYSE WM traded up $1.69 on Friday, hitting $207.76. The company’s stock had a trading volume of 1,793,144 shares, compared to its average volume of 1,617,543. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $225.00. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The company’s 50-day moving average is $208.97 and its 200 day moving average is $205.50. The firm has a market cap of $83.38 billion, a PE ratio of 34.00, a PEG ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same period in the prior year, the company posted $1.51 earnings per share. Waste Management’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts predict that Waste Management, Inc. will post 7.25 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Friday, June 7th. Waste Management’s payout ratio is 49.10%.

Waste Management Company Profile

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.