Deutsche Bank AG Has $424.70 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Deutsche Bank AG boosted its position in Waste Management, Inc. (NYSE:WM) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,104,650 shares of the business services provider’s stock after buying an additional 16,739 shares during the period. Deutsche Bank AG owned approximately 0.52% of Waste Management worth $424,697,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock worth $781,000 after purchasing an additional 44 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in Waste Management by 0.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock valued at $1,366,000 after acquiring an additional 45 shares during the period. Covestor Ltd grew its position in Waste Management by 8.2% during the 4th quarter. Covestor Ltd now owns 609 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 46 shares during the last quarter. Catalyst Financial Partners LLC increased its position in shares of Waste Management by 2.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock valued at $411,000 after acquiring an additional 48 shares in the last quarter. Finally, Maia Wealth LLC lifted its holdings in shares of Waste Management by 4.1% during the fourth quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Robert W. Baird boosted their price target on Waste Management from $235.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Morgan Stanley boosted their target price on shares of Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. CIBC lifted their price target on Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. HSBC upgraded Waste Management from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $210.00 to $265.00 in a report on Friday, April 25th. Finally, Scotiabank boosted their target price on Waste Management from $255.00 to $260.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.29.

Insider Activity

In related news, CAO John A. Carroll sold 1,251 shares of Waste Management stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $225.92, for a total value of $282,625.92. Following the transaction, the chief accounting officer now directly owns 8,420 shares of the company’s stock, valued at $1,902,246.40. The trade was a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James C. Fish, Jr. sold 44,405 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the sale, the chief executive officer now directly owns 211,061 shares of the company’s stock, valued at approximately $48,212,664.23. This trade represents a 17.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 79,522 shares of company stock worth $18,084,124. 0.18% of the stock is currently owned by company insiders.

Waste Management Trading Down 1.1 %

Shares of Waste Management stock opened at $233.00 on Friday. The company has a market cap of $93.76 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.71 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $239.32. The company’s fifty day simple moving average is $228.47 and its 200-day simple moving average is $220.94.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.08. The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.14 billion. Waste Management had a net margin of 12.45% and a return on equity of 37.93%. Waste Management’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 earnings per share. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.825 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 1.42%. Waste Management’s payout ratio is 49.77%.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.