Dubuque Bank & Trust Co. trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,103 shares of the business services provider’s stock after selling 110 shares during the period. Dubuque Bank & Trust Co.’s holdings in Waste Management were worth $240,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of WM. Nuveen Asset Management LLC boosted its stake in shares of Waste Management by 6,950.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,763,123 shares of the business services provider’s stock worth $434,152,000 after buying an additional 3,709,746 shares during the last quarter. Johanson Financial Advisors Inc. boosted its stake in shares of Waste Management by 11,219.5% during the 4th quarter. Johanson Financial Advisors Inc. now owns 996,000 shares of the business services provider’s stock worth $8,742,000 after buying an additional 987,201 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Waste Management by 3.1% during the 2nd quarter. BlackRock Inc. now owns 32,164,573 shares of the business services provider’s stock worth $3,710,826,000 after buying an additional 976,898 shares during the last quarter. Senator Investment Group LP acquired a new position in shares of Waste Management during the 2nd quarter worth about $79,028,000. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Waste Management by 19.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 3,329,752 shares of the business services provider’s stock worth $382,921,000 after buying an additional 540,962 shares during the last quarter. Institutional investors own 72.62% of the company’s stock.
A number of research firms have recently commented on WM. Bank of America downgraded shares of Waste Management from a “buy” rating to a “neutral” rating in a research note on Friday, October 18th. Stifel Nicolaus set a $125.00 price objective on shares of Waste Management and gave the stock a “buy” rating in a research note on Monday, October 21st. CIBC began coverage on shares of Waste Management in a research note on Tuesday, December 17th. They set an “outperform” rating and a $130.00 price objective for the company. Jefferies Financial Group began coverage on shares of Waste Management in a research note on Wednesday, November 27th. They set a “hold” rating and a $120.00 price objective for the company. Finally, ValuEngine downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Waste Management presently has an average rating of “Buy” and an average price target of $121.27.
Shares of WM stock opened at $118.07 on Wednesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.82 and a current ratio of 1.86. The firm’s 50-day moving average is $113.49 and its 200-day moving average is $115.02. The stock has a market cap of $49.30 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 3.03 and a beta of 0.60. Waste Management, Inc. has a 52-week low of $92.48 and a 52-week high of $121.77.
Waste Management (NYSE:WM) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $4 billion. Waste Management had a net margin of 11.35% and a return on equity of 28.63%. Waste Management’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. Sell-side analysts predict that Waste Management, Inc. will post 4.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.512 dividend. The ex-dividend date was Thursday, December 5th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.73%. Waste Management’s payout ratio is 48.81%.
In other Waste Management news, CEO James C. Fish, Jr. sold 3,158 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $110.97, for a total value of $350,443.26. Following the transaction, the chief executive officer now directly owns 245,329 shares of the company’s stock, valued at approximately $27,224,159.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tara J. Hmmer sold 4,639 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $110.36, for a total transaction of $511,960.04. Following the completion of the transaction, the senior vice president now directly owns 25,405 shares in the company, valued at $2,803,695.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,797 shares of company stock worth $974,403. 0.14% of the stock is owned by insiders.
Waste Management Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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