Waste Management, Inc. $WM Shares Sold by Leonteq Securities AG

Leonteq Securities AG cut its stake in shares of Waste Management, Inc. (NYSE:WM) by 60.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,182 shares of the business services provider’s stock after selling 9,394 shares during the quarter. Leonteq Securities AG’s holdings in Waste Management were worth $1,421,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WM. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Waste Management by 56.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 227,846 shares of the business services provider’s stock worth $52,357,000 after buying an additional 82,150 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in shares of Waste Management by 269.3% in the first quarter. Elevation Point Wealth Partners LLC now owns 13,927 shares of the business services provider’s stock valued at $3,200,000 after acquiring an additional 10,156 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Waste Management by 7.2% during the first quarter. Sound Income Strategies LLC now owns 713 shares of the business services provider’s stock worth $165,000 after acquiring an additional 48 shares during the period. Jamison Private Wealth Management Inc. raised its holdings in Waste Management by 0.3% during the first quarter. Jamison Private Wealth Management Inc. now owns 66,691 shares of the business services provider’s stock worth $15,325,000 after purchasing an additional 179 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in Waste Management by 33.7% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 44,034 shares of the business services provider’s stock worth $10,119,000 after purchasing an additional 11,109 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Trading Down 0.1%

Shares of Waste Management stock opened at $230.19 on Friday. The company has a 50-day moving average of $220.41 and a two-hundred day moving average of $225.41. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock has a market cap of $92.44 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.41 and a beta of 0.44.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the firm posted $1.67 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is 54.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WM. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Barclays raised their price target on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada lifted their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Robert W. Baird increased their price objective on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Finally, TD Cowen raised their target price on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Company Profile

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.