Waste Management, Inc. (NYSE:WM) Stock Holdings Lifted by Banque Pictet & Cie SA

Banque Pictet & Cie SA raised its position in shares of Waste Management, Inc. (NYSE:WM) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,869,190 shares of the business services provider’s stock after purchasing an additional 11,940 shares during the period. Waste Management accounts for about 2.5% of Banque Pictet & Cie SA’s investment portfolio, making the stock its 10th largest position. Banque Pictet & Cie SA owned approximately 0.47% of Waste Management worth $377,184,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its position in Waste Management by 94,414.4% in the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after acquiring an additional 2,588,842 shares in the last quarter. Swedbank AB lifted its stake in shares of Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after purchasing an additional 709,678 shares during the last quarter. Parnassus Investments LLC boosted its holdings in Waste Management by 11.3% in the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after purchasing an additional 520,096 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Waste Management by 32.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock worth $374,062,000 after buying an additional 437,613 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Waste Management by 138.0% during the third quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock valued at $149,168,000 after buying an additional 416,579 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Up 0.1 %

Shares of WM opened at $227.58 on Friday. Waste Management, Inc. has a 12 month low of $195.97 and a 12 month high of $230.39. The stock has a market cap of $91.34 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 2.70 and a beta of 0.78. The company has a 50-day moving average price of $211.93 and a two-hundred day moving average price of $211.85. 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 (NYSE:WM) last announced 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 net margin of 12.45% and a return on equity of 38.88%. Equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Insider Transactions at Waste Management

In related news, VP Donald J. Smith sold 191 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.22, for a total transaction of $42,062.02. Following the transaction, the vice president now owns 6,129 shares in the company, valued at $1,349,728.38. This represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rafael Carrasco sold 4,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $225.89, for a total transaction of $903,560.00. Following the sale, the senior vice president now directly owns 18,531 shares in the company, valued at $4,185,967.59. This trade represents a 17.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,055 shares of company stock valued at $3,578,340. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

WM has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Raymond James increased their price target on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Stifel Nicolaus boosted their price objective on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. UBS Group lifted their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Citigroup raised their price target on Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Ten equities 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 stock. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $234.50.

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.