Commerzbank Aktiengesellschaft FI Trims Position in Waste Management, Inc. $WM

Commerzbank Aktiengesellschaft FI decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 8.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,961 shares of the business services provider’s stock after selling 11,744 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Waste Management were worth $29,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WM. Elevated Capital Advisors LLC acquired a new position in shares of Waste Management in the 4th quarter valued at $25,000. Financial Network Wealth Advisors LLC raised its holdings in Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the period. RHL Group LLC acquired a new position in Waste Management in the fourth quarter valued at about $29,000. Mcguire Capital Advisors Inc. purchased a new position in Waste Management during the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Waste Management during the third quarter valued at about $30,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WM. Oppenheimer reduced their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Barclays lifted their target price on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird upped their price target on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Wells Fargo & Company dropped their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, TD Cowen boosted their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $256.70.

Waste Management Stock Down 0.1%

Shares of Waste Management stock opened at $239.10 on Tuesday. 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. The company has a market capitalization of $96.02 billion, a P/E ratio of 34.60, a P/E/G ratio of 2.91 and a beta of 0.44. The company has a 50 day moving average of $222.70 and a 200 day moving average of $226.65.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $6.23 billion for 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 company’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. As a group, research analysts forecast that Waste Management, Inc. will post 8.16 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend 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.