Tredje AP fonden trimmed its stake in Waste Management, Inc. (NYSE:WM) by 24.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,939 shares of the business services provider’s stock after selling 9,766 shares during the period. Tredje AP fonden’s holdings in Waste Management were worth $3,195,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Toth Financial Advisory Corp lifted its position in shares of Waste Management by 65.6% in the 1st quarter. Toth Financial Advisory Corp now owns 265 shares of the business services provider’s stock worth $25,000 after purchasing an additional 105 shares during the period. Sugarloaf Wealth Management LLC purchased a new stake in shares of Waste Management in the 4th quarter worth about $34,000. Atlas Private Wealth Management purchased a new stake in shares of Waste Management in the 4th quarter worth about $34,000. Key Financial Inc purchased a new stake in shares of Waste Management in the 1st quarter worth about $34,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Waste Management by 48.1% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 308 shares of the business services provider’s stock worth $35,000 after purchasing an additional 100 shares during the period. 72.75% of the stock is owned by hedge funds and other institutional investors.
NYSE:WM traded down $0.01 on Friday, reaching $98.92. 1,058,547 shares of the stock traded hands, compared to its average volume of 2,200,384. The company has a market capitalization of $41.75 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 3.11 and a beta of 0.75. The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 1.94. Waste Management, Inc. has a 12 month low of $85.34 and a 12 month high of $126.79. The company’s fifty day simple moving average is $97.57 and its 200 day simple moving average is $109.81.
Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. Waste Management had a net margin of 10.87% and a return on equity of 27.69%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts anticipate that Waste Management, Inc. will post 3.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.20%. Waste Management’s dividend payout ratio is presently 49.55%.
A number of brokerages recently issued reports on WM. Goldman Sachs Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and set a $115.00 price target for the company. in a research report on Friday, March 13th. UBS Group lowered their price target on shares of Waste Management from $131.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Benchmark raised shares of Waste Management from a “market perform” rating to an “outperform” rating in a research report on Friday, February 28th. Deutsche Bank lowered their price target on shares of Waste Management from $132.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, Royal Bank of Canada cut shares of Waste Management from an “outperform” rating to a “sector perform” rating in a research report on Sunday, April 19th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $117.14.
In other news, CFO Devina A. Rankin sold 8,000 shares of Waste Management stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $125.14, for a total value of $1,001,120.00. Following the completion of the sale, the chief financial officer now directly owns 25,473 shares in the company, valued at $3,187,691.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Leslie K. Nagy sold 890 shares of Waste Management stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $122.70, for a total transaction of $109,203.00. Following the completion of the sale, the chief accounting officer now owns 5,253 shares of the company’s stock, valued at $644,543.10. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.
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.
Further Reading: Return On Assets
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