Tredje AP fonden Sells 15,186 Shares of Waste Management, Inc. (NYSE:WM)

Tredje AP fonden lessened its holdings in Waste Management, Inc. (NYSE:WM) by 27.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,705 shares of the business services provider’s stock after selling 15,186 shares during the quarter. Tredje AP fonden’s holdings in Waste Management were worth $4,639,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WM. BlackRock Inc. raised its position in Waste Management by 3.1% during the second quarter. BlackRock Inc. now owns 32,164,573 shares of the business services provider’s stock worth $3,710,826,000 after acquiring an additional 976,898 shares in the last quarter. State Street Corp raised its position in Waste Management by 0.5% during the third quarter. State Street Corp now owns 20,292,155 shares of the business services provider’s stock worth $2,333,598,000 after acquiring an additional 103,719 shares in the last quarter. California Public Employees Retirement System raised its position in Waste Management by 4.8% during the third quarter. California Public Employees Retirement System now owns 3,557,697 shares of the business services provider’s stock worth $409,135,000 after acquiring an additional 161,919 shares in the last quarter. Pictet Asset Management Ltd. raised its position in Waste Management by 19.4% during the third quarter. Pictet Asset Management Ltd. now owns 3,329,752 shares of the business services provider’s stock worth $382,921,000 after acquiring an additional 540,962 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Waste Management by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,803,680 shares of the business services provider’s stock worth $205,547,000 after acquiring an additional 9,501 shares in the last quarter. 71.33% of the stock is currently owned by institutional investors and hedge funds.

In related news, CAO Leslie K. Nagy sold 1,457 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $124.71, for a total transaction of $181,702.47. Following the completion of the sale, the chief accounting officer now owns 5,769 shares of the company’s stock, valued at $719,451.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank M. Clark sold 267 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $119.69, for a total transaction of $31,957.23. Following the sale, the director now directly owns 32,396 shares of the company’s stock, valued at approximately $3,877,477.24. The disclosure for this sale can be found here. Insiders sold 128,793 shares of company stock worth $16,106,842 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Shares of WM stock traded down $1.75 on Tuesday, hitting $122.24. The company’s stock had a trading volume of 149,619 shares, compared to its average volume of 1,614,242. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.94 and a current ratio of 1.97. The stock’s 50 day moving average is $121.46 and its 200-day moving average is $116.18. Waste Management, Inc. has a fifty-two week low of $97.55 and a fifty-two week high of $126.79. The company has a market capitalization of $52.90 billion, a PE ratio of 31.36, a PEG ratio of 3.20 and a beta of 0.60.

Waste Management (NYSE:WM) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.04. Waste Management had a net margin of 10.81% and a return on equity of 28.14%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the company posted $1.13 earnings per share. Waste Management’s revenue was up .1% compared to the same quarter last year. On average, research analysts forecast that Waste Management, Inc. will post 4.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a $0.545 dividend. The ex-dividend date is Thursday, March 5th. This is an increase from Waste Management’s previous quarterly dividend of $0.51. This represents a $2.18 annualized dividend and a dividend yield of 1.78%. Waste Management’s dividend payout ratio is 46.59%.

Several equities analysts have commented on the stock. Deutsche Bank upped their price objective on shares of Waste Management from $123.00 to $132.00 and gave the company a “hold” rating in a report on Friday, February 14th. Jefferies Financial Group assumed coverage on shares of Waste Management in a report on Wednesday, November 27th. They issued a “hold” rating and a $120.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price objective on shares of Waste Management in a report on Friday, February 14th. Finally, CIBC assumed coverage on shares of Waste Management in a report on Tuesday, December 17th. They issued an “outperform” rating and a $130.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $124.15.

Waste Management Company 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.

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

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