ABN AMRO Bank N.V. Acquires 197,057 Shares of Waste Management, Inc. $WM

ABN AMRO Bank N.V. raised its holdings in Waste Management, Inc. (NYSE:WMFree Report) by 20,273.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,029 shares of the business services provider’s stock after buying an additional 197,057 shares during the period. ABN AMRO Bank N.V.’s holdings in Waste Management were worth $43,363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its position in Waste Management by 101.5% during the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after purchasing an additional 67 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of Waste Management during the 2nd quarter worth about $40,000. Steigerwald Gordon & Koch Inc. acquired a new position in Waste Management in the 3rd quarter valued at about $41,000. Wealth Watch Advisors INC bought a new position in Waste Management in the 2nd quarter valued at about $43,000. Finally, Halbert Hargrove Global Advisors LLC lifted its position in Waste Management by 47.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock worth $54,000 after acquiring an additional 78 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management News Summary

Here are the key news stories impacting Waste Management this week:

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WM. Stifel Nicolaus increased their target price on Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. CIBC decreased their price objective on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Royal Bank Of Canada lifted their target price on Waste Management from $223.00 to $235.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. DZ Bank began coverage on shares of Waste Management in a research note on Tuesday, November 25th. They issued a “buy” rating and a $250.00 price target on the stock. Finally, Truist Financial set a $260.00 price objective on shares of Waste Management in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.55.

View Our Latest Report on Waste Management

Waste Management Trading Up 0.6%

WM opened at $226.44 on Thursday. The stock has a market capitalization of $91.23 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 2.38 and a beta of 0.58. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company has a 50-day simple moving average of $219.83 and a 200 day simple moving average of $219.19.

Waste Management (NYSE:WMGet Free Report) last issued its earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Waste Management’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio is presently 49.25%.

Insider Transactions at Waste Management

In other news, CAO John A. Carroll sold 220 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $219.57, for a total value of $48,305.40. Following the completion of the transaction, the chief accounting officer owned 9,330 shares of the company’s stock, valued at approximately $2,048,588.10. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles C. Boettcher sold 689 shares of Waste Management stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $219.32, for a total transaction of $151,111.48. Following the sale, the executive vice president directly owned 56,159 shares in the company, valued at $12,316,791.88. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 6,806 shares of company stock worth $1,490,204. 0.18% of the stock is owned by insiders.

Waste Management Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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