Compagnie Lombard Odier SCmA Has $92.06 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Compagnie Lombard Odier SCmA increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 16.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,629 shares of the business services provider’s stock after buying an additional 54,855 shares during the period. Waste Management accounts for approximately 1.1% of Compagnie Lombard Odier SCmA’s holdings, making the stock its 24th biggest holding. Compagnie Lombard Odier SCmA owned about 0.10% of Waste Management worth $92,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WM. T. Rowe Price Investment Management Inc. lifted its stake in shares of Waste Management by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock valued at $781,000 after buying an additional 44 shares in the last quarter. Ascent Group LLC boosted its stake in Waste Management by 0.6% during the 4th quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock valued at $1,520,000 after purchasing an additional 44 shares during the last quarter. Insight Wealth Strategies LLC increased its holdings in Waste Management by 0.4% during the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock worth $2,698,000 after purchasing an additional 44 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Waste Management by 0.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock worth $1,366,000 after purchasing an additional 45 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Waste Management by 8.2% in the fourth quarter. Covestor Ltd now owns 609 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WM shares. Melius Research raised Waste Management to a “strong-buy” rating and set a $263.00 price target for the company in a research report on Monday. Scotiabank raised their price target on shares of Waste Management from $255.00 to $260.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 8th. Robert W. Baird upped their price objective on shares of Waste Management from $235.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their target price on shares of Waste Management from $227.00 to $229.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. Finally, National Bank Financial raised Waste Management to a “hold” rating in a report on Monday, May 26th. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.00.

Insider Transactions at Waste Management

In other news, SVP Rafael Carrasco sold 674 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total value of $159,609.94. Following the transaction, the senior vice president now owns 16,542 shares of the company’s stock, valued at $3,917,311.02. This represents a 3.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the completion of the transaction, the chief financial officer now directly owns 83,934 shares in the company, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Waste Management Stock Up 0.1%

Waste Management stock opened at $234.22 on Thursday. The firm has a market capitalization of $94.25 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 2.71 and a beta of 0.66. The firm has a 50 day simple moving average of $231.42 and a 200 day simple moving average of $223.70. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $242.58. 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 (NYSE:WM) last issued its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.08. The business had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Waste Management had a return on equity of 37.93% and a net margin of 12.45%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.75 EPS. On average, analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, June 6th. 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.