Honkamp Krueger Financial Services Inc. lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 19.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,691 shares of the business services provider’s stock after selling 2,091 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Waste Management were worth $750,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of WM. APG Asset Management N.V. increased its stake in shares of Waste Management by 74.7% in the 4th quarter. APG Asset Management N.V. now owns 4,222,539 shares of the business services provider’s stock valued at $303,469,000 after purchasing an additional 1,805,408 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Waste Management by 52.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,942,925 shares of the business services provider’s stock valued at $152,073,000 after purchasing an additional 666,000 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Waste Management by 31.5% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 2,078,100 shares of the business services provider’s stock valued at $162,653,000 after purchasing an additional 498,200 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Waste Management by 41.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,693,877 shares of the business services provider’s stock valued at $132,580,000 after purchasing an additional 496,513 shares during the last quarter. Finally, Ardevora Asset Management LLP bought a new position in shares of Waste Management in the 3rd quarter valued at $35,425,000. Hedge funds and other institutional investors own 76.76% of the company’s stock.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target on shares of Waste Management in a research note on Thursday, January 4th. UBS Group assumed coverage on Waste Management in a research note on Wednesday. They issued a “neutral” rating on the stock. Macquarie upgraded Waste Management from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 3rd. Finally, Raymond James Financial upgraded Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Waste Management presently has a consensus rating of “Buy” and a consensus price target of $90.13.
In other Waste Management news, Director Patrick W. Gross sold 387 shares of Waste Management stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total transaction of $34,172.10. Following the transaction, the director now directly owns 30,673 shares of the company’s stock, valued at approximately $2,708,425.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeff M. Harris sold 60,088 shares of Waste Management stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $86.67, for a total value of $5,207,826.96. Following the transaction, the vice president now directly owns 80,203 shares in the company, valued at $6,951,194.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,291 shares of company stock worth $9,154,833. 0.19% of the stock is currently owned by company insiders.
Waste Management, Inc. (NYSE:WM) traded down $0.25 during midday trading on Wednesday, hitting $86.41. The company had a trading volume of 2,236,653 shares, compared to its average volume of 2,950,000. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.77 and a current ratio of 0.80. Waste Management, Inc. has a 12 month low of $70.08 and a 12 month high of $89.73. The firm has a market cap of $37,470.00, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.96 and a beta of 0.70.
Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Waste Management had a return on equity of 25.48% and a net margin of 13.45%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the business posted $0.75 EPS. Waste Management’s revenue for the quarter was up 5.5% on a year-over-year basis. equities research analysts anticipate that Waste Management, Inc. will post 4.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.465 per share. This is an increase from Waste Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.86 annualized dividend and a dividend yield of 2.15%. Waste Management’s dividend payout ratio (DPR) is 32.18%.
Waste Management declared that its Board of Directors has approved a stock buyback program on Thursday, December 14th that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
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Waste Management Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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