32,925 Shares in Waste Management, Inc. $WM Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Waste Management, Inc. (NYSE:WM) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 32,925 shares of the business services provider’s stock, valued at approximately $7,234,000.

Other institutional investors have also modified their holdings of the company. Lockheed Martin Investment Management Co. bought a new position in Waste Management during the 3rd quarter worth approximately $3,092,000. Guerra Advisors Inc lifted its holdings in Waste Management by 59.5% during the 3rd quarter. Guerra Advisors Inc now owns 9,037 shares of the business services provider’s stock worth $1,996,000 after buying an additional 3,371 shares during the last quarter. Capital Advisors Inc. OK lifted its holdings in Waste Management by 2.0% during the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock worth $43,192,000 after buying an additional 3,880 shares during the last quarter. Compass Wealth Management LLC lifted its holdings in Waste Management by 537.0% during the 3rd quarter. Compass Wealth Management LLC now owns 95,721 shares of the business services provider’s stock worth $21,138,000 after buying an additional 80,695 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Waste Management by 19.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,287 shares of the business services provider’s stock worth $15,301,000 after buying an additional 11,135 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $222.10 on Wednesday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The firm has a market capitalization of $89.19 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.33 and a beta of 0.49. The business has a 50 day simple moving average of $228.26 and a 200 day simple moving average of $223.29. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89.

Waste Management (NYSE:WM) 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 analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wolfe Research assumed coverage on Waste Management in a report on Friday, March 13th. They set a “peer perform” rating on the stock. Stifel Nicolaus increased their price target on Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. increased their price target on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Barclays increased their price target on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Oppenheimer increased their price target on Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $255.67.

Insider Transactions 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 trade represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. The trade was a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 35,296 shares of company stock valued at $8,569,283. Company insiders own 0.18% of the company’s stock.

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.