Waste Management, Inc. $WM Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Waste Management, Inc. (NYSE:WMFree Report) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,104,000 shares of the business services provider’s stock after selling 56,000 shares during the quarter. Swiss National Bank’s holdings in Waste Management were worth $242,560,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of WM. Norges Bank acquired a new position in Waste Management in the 4th quarter valued at $1,022,916,000. Capital International Investors increased its stake in Waste Management by 218.3% in the 3rd quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock valued at $302,494,000 after buying an additional 939,455 shares during the period. Holocene Advisors LP increased its stake in Waste Management by 163.7% in the 3rd quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock valued at $309,317,000 after buying an additional 869,453 shares during the period. Vanguard Group Inc. increased its stake in Waste Management by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock valued at $8,487,924,000 after buying an additional 774,255 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in Waste Management by 3,209.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock valued at $150,466,000 after buying an additional 660,776 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

NYSE:WM opened at $218.90 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The stock has a market cap of $87.90 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 2.34 and a beta of 0.45. The firm’s fifty day simple moving average is $223.01 and its 200-day simple moving average is $224.72.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the company posted $1.67 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a $0.945 dividend. The ex-dividend date is Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. Waste Management’s payout ratio is currently 54.70%.

Analyst Ratings Changes

Several brokerages have issued reports on WM. Barclays boosted their price objective on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. TD Cowen upped their price target on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird upped their price target on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Finally, Wells Fargo & Company lowered their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $255.30.

Check Out Our Latest Report on WM

Waste Management Company Profile

(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.

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

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