Waste Management, Inc. $WM Shares Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 33.7% in the first quarter, Holdings Channel.com reports. The firm owned 44,034 shares of the business services provider’s stock after buying an additional 11,109 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Waste Management were worth $10,119,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WM. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in shares of Waste Management during the fourth quarter valued at $10,206,000. Capital Advisors Inc. OK grew its position in Waste Management by 2.0% in the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock valued at $43,192,000 after buying an additional 3,880 shares in the last quarter. Central Bank & Trust Co. raised its position in shares of Waste Management by 333.1% during the 4th quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock worth $1,855,000 after buying an additional 6,493 shares in the last quarter. Goodman Financial Corp acquired a new stake in shares of Waste Management in the 4th quarter worth approximately $16,898,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Waste Management by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 793,346 shares of the business services provider’s stock valued at $173,774,000 after acquiring an additional 104,843 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

WM opened at $230.19 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The firm has a market cap of $92.44 billion, a PE ratio of 33.31, a P/E/G ratio of 2.34 and a beta of 0.44. The business has a fifty day simple moving average of $220.29 and a 200-day simple moving average of $225.38. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

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

Waste Management Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WM shares. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Wells Fargo & Company dropped their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Wolfe Research assumed coverage on Waste Management in a research note on Friday, March 13th. They set a “peer perform” rating for the company. Finally, TD Cowen boosted their price target on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Fifteen investment 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 an average rating of “Moderate Buy” and a consensus 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.