Kepler Cheuvreux Suisse SA Acquires New Shares in Waste Management, Inc. $WM

Kepler Cheuvreux Suisse SA bought a new stake in shares of Waste Management, Inc. (NYSE:WMFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 99,309 shares of the business services provider’s stock, valued at approximately $21,934,000. Waste Management comprises 1.2% of Kepler Cheuvreux Suisse SA’s investment portfolio, making the stock its 28th largest holding.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its holdings in shares of Waste Management by 101.5% during the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 67 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Waste Management in the 2nd quarter worth about $40,000. Steigerwald Gordon & Koch Inc. purchased a new position in Waste Management in the 3rd quarter worth about $41,000. Costello Asset Management INC bought a new position in Waste Management during the 3rd quarter valued at about $49,000. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Waste Management by 47.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WM. Barclays decreased their price objective on shares of Waste Management from $266.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Oppenheimer lifted their target price on shares of Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Morgan Stanley dropped their price target on Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Finally, Stifel Nicolaus lifted their price objective on Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $253.55.

View Our Latest Report on WM

Waste Management Trading Down 4.6%

Waste Management stock opened at $235.21 on Wednesday. The stock has a market cap of $94.87 billion, a P/E ratio of 35.11, a PEG ratio of 2.60 and a beta of 0.57. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. The firm’s 50 day moving average price is $228.70 and its 200-day moving average price is $220.05.

Waste Management (NYSE:WMGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period last year, the company earned $1.70 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Waste Management’s previous quarterly dividend of $0.83. Waste Management’s dividend payout ratio is 49.25%.

Insider Buying and Selling

In other Waste Management news, CEO James C. Fish, Jr. sold 30,390 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $230.36, for a total transaction of $7,000,640.40. Following the sale, the chief executive officer directly owned 225,793 shares of the company’s stock, valued at $52,013,675.48. The trade was a 11.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John J. Morris sold 7,979 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $245.07, for a total value of $1,955,413.53. Following the completion of the sale, the chief operating officer directly owned 98,656 shares of the company’s stock, valued at $24,177,625.92. The trade was a 7.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 98,042 shares of company stock valued at $23,039,777 in the last quarter. 0.18% of the stock is currently owned by insiders.

Waste Management News Summary

Here are the key news stories impacting Waste Management this week:

Waste Management Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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