Waste Management, Inc. $WM Shares Sold by Leonteq Securities AG

Leonteq Securities AG lessened its holdings in Waste Management, Inc. (NYSE:WM) by 60.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,182 shares of the business services provider’s stock after selling 9,394 shares during the quarter. Leonteq Securities AG’s holdings in Waste Management were worth $1,421,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new position in shares of Waste Management in the 4th quarter valued at about $25,000. RHL Group LLC acquired a new position in Waste Management in the fourth quarter valued at approximately $29,000. Financial Network Wealth Advisors LLC increased its stake in Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in Waste Management during the fourth quarter worth approximately $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Waste Management during the 3rd quarter worth approximately $30,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Performance

Shares of Waste Management stock opened at $230.19 on Friday. The firm’s fifty day simple moving average is $220.41 and its 200-day simple moving average is $225.41. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The stock has a market capitalization of $92.44 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 2.41 and a beta of 0.44. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the business earned $1.67 EPS. Waste Management’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a dividend of $0.945 per share. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio is 54.70%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Barclays raised their price objective on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their target price on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $255.30.

Waste Management 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.