Deutsche Bank AG Lowers Holdings in Waste Management, Inc. $WM

Deutsche Bank AG decreased its holdings in Waste Management, Inc. (NYSE:WM) by 11.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,104,665 shares of the business services provider’s stock after selling 278,966 shares during the period. Deutsche Bank AG’s holdings in Waste Management were worth $462,416,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new position in Waste Management in the 4th quarter worth about $25,000. RHL Group LLC purchased a new position in Waste Management in the 4th quarter worth about $29,000. JPL Wealth Management LLC purchased a new position in Waste Management in the 3rd quarter worth about $30,000. Kelleher Financial Advisors purchased a new position in Waste Management in the 4th quarter worth about $31,000. Finally, Godfrey Financial Associates Inc. purchased a new position in Waste Management in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WM shares. TD Cowen boosted their target price on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, May 27th. Wolfe Research assumed coverage on Waste Management in a research note on Friday, March 13th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. boosted their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Finally, Robert W. Baird boosted their price target on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Trading Up 1.4%

Waste Management stock opened at $224.47 on Thursday. The business has a 50-day simple moving average of $223.23 and a two-hundred day simple moving average of $224.71. The company has a market cap of $90.14 billion, a P/E ratio of 32.49, a P/E/G ratio of 2.31 and a beta of 0.45. 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 52-week low of $194.11 and a 52-week high of $248.13.

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

Waste Management Dividend Announcement

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

Waste Management Company 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.