Kepler Cheuvreux Suisse SA Purchases New Position in Waste Management, Inc. $WM

Kepler Cheuvreux Suisse SA acquired a new position in Waste Management, Inc. (NYSE:WMFree Report) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 99,309 shares of the business services provider’s stock, valued at approximately $21,934,000. Waste Management accounts for approximately 1.2% of Kepler Cheuvreux Suisse SA’s portfolio, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC lifted its holdings in shares of Waste Management by 101.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after buying an additional 67 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of Waste Management in the second quarter valued at about $40,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Waste Management in the third quarter valued at about $41,000. Costello Asset Management INC purchased a new stake in Waste Management in the third quarter worth about $49,000. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in Waste Management by 47.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock worth $54,000 after acquiring an additional 78 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Insider Transactions at Waste Management

In related news, VP Michael J. Watson sold 17,251 shares of Waste Management stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $241.81, for a total value of $4,171,464.31. Following the sale, the vice president owned 44,146 shares of the company’s stock, valued at approximately $10,674,944.26. This trade represents a 28.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John J. Morris sold 4,211 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $243.38, for a total transaction of $1,024,873.18. Following the transaction, the chief operating officer owned 99,929 shares of the company’s stock, valued at $24,320,720.02. This represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 98,042 shares of company stock valued at $23,039,777. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Down 4.6%

Shares of WM stock opened at $235.21 on Wednesday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The firm has a market capitalization of $94.87 billion, a PE ratio of 35.11, a P/E/G ratio of 2.60 and a beta of 0.57. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.85 and a current ratio of 0.89. The stock’s 50-day simple moving average is $228.70 and its 200-day simple moving average is $220.05.

Waste Management (NYSE:WMGet Free Report) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same period last year, the firm earned $1.70 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.945 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s payout ratio is currently 49.25%.

Key Waste Management News

Here are the key news stories impacting Waste Management this week:

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WM. Sanford C. Bernstein upped their price target on shares of Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Stifel Nicolaus boosted their price objective on shares of Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Oppenheimer upped their target price on Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Barclays dropped their target price on Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, TD Cowen boosted their price target on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $253.55.

Get Our Latest Stock Analysis on WM

About Waste Management

(Free Report)

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

Further Reading

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

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