DekaBank Deutsche Girozentrale Buys 2,117 Shares of Waste Management, Inc. (NYSE:WM)

DekaBank Deutsche Girozentrale grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 550,473 shares of the business services provider’s stock after buying an additional 2,117 shares during the period. DekaBank Deutsche Girozentrale owned 0.14% of Waste Management worth $117,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of WM. McClarren Financial Advisors Inc. boosted its position in shares of Waste Management by 29.7% during the 1st quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock worth $46,000 after purchasing an additional 49 shares during the period. Mayflower Financial Advisors LLC boosted its position in shares of Waste Management by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock worth $911,000 after purchasing an additional 50 shares during the period. McAdam LLC boosted its position in shares of Waste Management by 4.0% during the 1st quarter. McAdam LLC now owns 1,317 shares of the business services provider’s stock worth $281,000 after purchasing an additional 51 shares during the period. Larson Financial Group LLC boosted its position in shares of Waste Management by 4.4% during the 1st quarter. Larson Financial Group LLC now owns 1,228 shares of the business services provider’s stock worth $262,000 after purchasing an additional 52 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Waste Management by 2.7% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,053 shares of the business services provider’s stock worth $438,000 after purchasing an additional 53 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Waste Management stock traded up $1.69 during midday trading on Friday, hitting $207.76. 1,793,144 shares of the company’s stock were exchanged, compared to its average volume of 1,617,543. The stock has a market cap of $83.38 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The firm’s 50 day simple moving average is $208.97 and its 200 day simple moving average is $205.50. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $225.00.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 earnings per share. Equities research analysts predict that Waste Management, Inc. will post 7.25 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s dividend payout ratio is currently 49.10%.

Wall Street Analyst Weigh In

WM has been the subject of a number of research analyst reports. Truist Financial lowered their price objective on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Morgan Stanley increased their target price on shares of Waste Management from $202.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. BMO Capital Markets reduced their target price on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 25th. Finally, CIBC reduced their target price on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.83.

Insider Buying and Selling

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares in the company, valued at $9,324,156.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares of the company’s stock, valued at $9,711,680. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Michael J. Watson sold 4,208 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.