Webster Bank N. A. Raises Stock Position in Waste Management, Inc. (NYSE:WM)

Webster Bank N. A. boosted its position in shares of Waste Management, Inc. (NYSE:WMFree Report) by 5,750.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,849 shares of the business services provider’s stock after purchasing an additional 16,561 shares during the period. Webster Bank N. A.’s holdings in Waste Management were worth $3,018,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Waste Management by 0.7% in the 2nd quarter. State Street Corp now owns 18,113,191 shares of the business services provider’s stock valued at $3,141,190,000 after acquiring an additional 121,055 shares during the period. Morgan Stanley grew its holdings in shares of Waste Management by 30.4% in the fourth quarter. Morgan Stanley now owns 7,370,481 shares of the business services provider’s stock valued at $1,156,281,000 after purchasing an additional 1,718,449 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Waste Management by 16.9% in the third quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider’s stock valued at $827,815,000 after purchasing an additional 776,491 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Waste Management by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 5,213,330 shares of the business services provider’s stock valued at $794,174,000 after purchasing an additional 66,816 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Waste Management by 3.2% in the fourth quarter. Lazard Asset Management LLC now owns 5,112,019 shares of the business services provider’s stock valued at $801,972,000 after purchasing an additional 160,466 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WM. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 16th. Royal Bank of Canada boosted their price target on shares of Waste Management from $163.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Erste Group Bank upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Stifel Nicolaus boosted their price target on shares of Waste Management from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, HSBC cut shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price target for the company. in a report on Thursday, February 15th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $201.57.

Get Our Latest Stock Report on WM

Insider Buying and Selling at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the sale, the executive vice president now owns 29,677 shares in the company, valued at $6,217,331.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO James C. Fish, Jr. sold 9,550 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $182.00, for a total transaction of $1,738,100.00. Following the completion of the transaction, the chief executive officer now owns 152,838 shares in the company, valued at $27,816,516. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles C. Boettcher sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the transaction, the executive vice president now owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The disclosure for this sale can be found here. Insiders sold a total of 30,242 shares of company stock worth $5,929,355 over the last 90 days. Insiders own 0.27% of the company’s stock.

Waste Management Trading Down 0.3 %

NYSE WM opened at $210.42 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 2.30. The company’s fifty day simple moving average is $202.29 and its 200-day simple moving average is $180.75. The stock has a market cap of $84.50 billion, a P/E ratio of 37.18, a PEG ratio of 3.20 and a beta of 0.72. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $214.54.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.21. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.19 billion. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Equities research analysts predict that Waste Management, Inc. will post 6.88 EPS for the current fiscal year.

Waste Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.75 per share. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.00 annualized dividend and a yield of 1.43%. Waste Management’s payout ratio is presently 53.00%.

Waste Management Profile

(Free Report)

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.

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

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