DekaBank Deutsche Girozentrale Trims Stake in Waste Management, Inc. (NYSE:WM)

DekaBank Deutsche Girozentrale lessened its stake in Waste Management, Inc. (NYSE:WM) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 551,205 shares of the business services provider’s stock after selling 53,613 shares during the period. DekaBank Deutsche Girozentrale owned about 0.14% of Waste Management worth $113,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hexagon Capital Partners LLC increased its holdings in Waste Management by 170.5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management during the 2nd quarter valued at about $31,000. Fairway Wealth LLC raised its holdings in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in Waste Management during the second quarter worth approximately $36,000. Finally, Fairscale Capital LLC acquired a new stake in Waste Management in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 1.0 %

Shares of Waste Management stock opened at $206.80 on Monday. Waste Management, Inc. has a fifty-two week low of $160.90 and a fifty-two week high of $225.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The firm has a market capitalization of $82.99 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.29 and a beta of 0.74. The stock has a 50 day moving average of $208.77 and a 200 day moving average of $208.56.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.45%. Waste Management’s dividend payout ratio (DPR) is currently 47.69%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WM shares. Scotiabank initiated coverage on Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. Robert W. Baird dropped their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Finally, Oppenheimer reduced their target price on Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $218.89.

Waste Management Profile

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.