Waste Management, Inc. $WM Stock Acquired by Danske Bank A S

Danske Bank A S boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 709,874 shares of the business services provider’s stock after buying an additional 48,776 shares during the period. Danske Bank A S owned approximately 0.18% of Waste Management worth $144,758,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Waste Management by 1.8% in the 2nd quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock valued at $6,849,981,000 after acquiring an additional 535,079 shares in the last quarter. State Street Corp boosted its stake in Waste Management by 2.9% in the 2nd quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock worth $4,013,831,000 after purchasing an additional 507,209 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Waste Management by 1.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,121,427 shares of the business services provider’s stock worth $695,704,000 after purchasing an additional 35,322 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Waste Management by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,320,966 shares of the business services provider’s stock valued at $533,340,000 after purchasing an additional 26,847 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Waste Management by 8.2% in the 2nd quarter. Deutsche Bank AG now owns 2,207,477 shares of the business services provider’s stock valued at $492,002,000 after purchasing an additional 166,458 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.3%

Shares of Waste Management stock traded down $0.64 during trading hours on Friday, reaching $243.47. 1,349,371 shares of the company’s stock were exchanged, compared to its average volume of 2,396,026. The stock has a market cap of $96.81 billion, a P/E ratio of 31.95, a P/E/G ratio of 3.17 and a beta of 0.38. The company has a 50 day moving average of $221.43 and a two-hundred day moving average of $225.87. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a fifty-two week low of $200.57 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, October 27th. The business services provider reported $2.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03). Waste Management had a net margin of 11.78% and a return on equity of 31.97%. The company had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same period in the prior year, the firm posted $1.98 EPS. Waste Management’s revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Waste Management, Inc. will post 8.05 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.9450 per share. The ex-dividend date was Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s dividend payout ratio is currently 49.61%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $267.00 price objective (up from $263.00) on shares of Waste Management in a research report on Thursday, October 29th. JPMorgan Chase & Co. lifted their target price on Waste Management from $235.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Royal Bank Of Canada boosted their target price on Waste Management from $244.00 to $247.00 and gave the company a “sector perform” rating in a research note on Thursday, October 29th. Citigroup reduced their price target on Waste Management from $269.00 to $259.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Finally, Morgan Stanley decreased their price target on shares of Waste Management from $230.00 to $220.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Eighteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.04.

Insider Buying and Selling

In other news, SVP Johnson Varkey sold 500 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $242.00, for a total value of $121,000.00. Following the completion of the sale, the senior vice president owned 8,713 shares of the company’s stock, valued at approximately $2,108,546. This represents a 5.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO John Carroll sold 1,365 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $219.90, for a total transaction of $300,163.50. Following the transaction, the chief accounting officer owned 3,509 shares in the company, valued at approximately $771,629.10. The trade was a 28.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.18% of the company’s stock.

About Waste Management

Waste Management, Inc., doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure. WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.