Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,705 shares of the business services provider’s stock after acquiring an additional 9,579 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Waste Management were worth $31,134,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Elevated Capital Advisors LLC acquired a new position in Waste Management during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC raised its stake in shares of Waste Management by 101.5% in the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after purchasing an additional 67 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Waste Management in the third quarter valued at approximately $30,000. Kelleher Financial Advisors bought a new position in shares of Waste Management in the fourth quarter valued at approximately $31,000. Finally, Holos Integrated Wealth LLC bought a new position in shares of Waste Management in the fourth quarter valued at approximately $40,000. Institutional investors own 80.40% of the company’s stock.
Insider Buying and Selling at Waste Management
In other Waste Management news, SVP Tara J. Hemmer sold 4,818 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $241.83, for a total transaction of $1,165,136.94. Following the completion of the transaction, the senior vice president directly owned 78,918 shares of the company’s stock, valued at approximately $19,084,739.94. This represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John J. Morris sold 7,979 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $245.07, for a total value of $1,955,413.53. Following the transaction, the chief operating officer directly owned 98,656 shares of the company’s stock, valued at approximately $24,177,625.92. This trade represents a 7.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 47,490 shares of company stock valued at $11,416,338 in the last quarter. Insiders own 0.18% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Waste Management
Waste Management Trading Up 0.5%
Shares of WM stock opened at $219.84 on Friday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The company has a 50-day simple moving average of $229.21 and a two-hundred day simple moving average of $222.92. The company has a market capitalization of $88.28 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 2.29 and a beta of 0.49.
Waste Management (NYSE:WM – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. Research analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.
Waste Management Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s dividend payout ratio is 54.70%.
Waste Management Profile
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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