Waste Management, Inc. (NYSE:WM) Shares Sold by Dohj LLC

Dohj LLC lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 10.7% in the second quarter, HoldingsChannel reports. The fund owned 15,896 shares of the business services provider’s stock after selling 1,903 shares during the quarter. Waste Management makes up about 1.2% of Dohj LLC’s portfolio, making the stock its 25th largest position. Dohj LLC’s holdings in Waste Management were worth $2,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WM. Lazard Asset Management LLC boosted its holdings in Waste Management by 10.7% in the 1st quarter. Lazard Asset Management LLC now owns 6,682,819 shares of the business services provider’s stock worth $862,214,000 after acquiring an additional 647,203 shares during the period. Parnassus Investments CA boosted its stake in shares of Waste Management by 2.9% during the 2nd quarter. Parnassus Investments CA now owns 6,290,422 shares of the business services provider’s stock valued at $881,351,000 after buying an additional 174,816 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Waste Management by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 6,186,510 shares of the business services provider’s stock valued at $795,844,000 after acquiring an additional 186,769 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Waste Management by 100.8% during the 1st quarter. Nordea Investment Management AB now owns 5,929,710 shares of the business services provider’s stock valued at $765,347,000 after acquiring an additional 2,976,714 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Waste Management by 13.7% during the 1st quarter. Ameriprise Financial Inc. now owns 4,860,236 shares of the business services provider’s stock valued at $627,678,000 after acquiring an additional 584,632 shares in the last quarter. 74.10% of the stock is owned by institutional investors.

A number of equities research analysts have commented on WM shares. Oppenheimer raised their price objective on Waste Management from $146.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, July 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Waste Management from $138.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, July 29th. Raymond James reissued an “outperform” rating and set a $146.70 price objective (down previously from $147.00) on shares of Waste Management in a report on Monday, July 26th. Morgan Stanley boosted their price target on Waste Management from $133.00 to $150.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 13th. Finally, BMO Capital Markets boosted their price target on Waste Management from $153.00 to $159.00 and gave the company an “outperform” rating in a research note on Wednesday, July 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Waste Management presently has a consensus rating of “Hold” and a consensus target price of $136.25.

WM traded up $0.81 on Wednesday, hitting $155.39. 20,414 shares of the company were exchanged, compared to its average volume of 1,613,629. Waste Management, Inc. has a 12 month low of $106.11 and a 12 month high of $156.74. The company has a market cap of $65.43 billion, a PE ratio of 41.00, a PEG ratio of 2.50 and a beta of 0.81. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.84 and a current ratio of 0.88. The stock’s fifty day moving average is $149.50 and its 200-day moving average is $139.63.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, July 27th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.09. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.23 billion. Waste Management had a return on equity of 26.32% and a net margin of 9.69%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. As a group, equities research analysts expect that Waste Management, Inc. will post 4.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 17th. Stockholders of record on Friday, September 3rd will be paid a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, September 2nd. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.48%. Waste Management’s dividend payout ratio (DPR) is currently 57.07%.

In other Waste Management news, CAO Leslie K. Nagy sold 2,006 shares of the firm’s stock in a transaction on Monday, June 28th. The stock was sold at an average price of $139.06, for a total value of $278,954.36. Following the sale, the chief accounting officer now owns 4,776 shares of the company’s stock, valued at approximately $664,150.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Devina A. Rankin sold 33,115 shares of the firm’s stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $155.18, for a total value of $5,138,785.70. Following the sale, the chief financial officer now directly owns 53,434 shares in the company, valued at approximately $8,291,888.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,415 shares of company stock worth $12,300,321. 0.16% of the stock is owned by corporate insiders.

Waste Management Company Profile

Waste Management, Inc is a holding company, which engages in the provision of waste management environmental services. It operates through the following segments: Tier 1, Tier 2 and Tier 3. The Tier 1 segment comprises of areas in the Southern United States. The Tier 2 segment comprises of areas located in the Midwest and Northeast United States.

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

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