MASTERINVEST Kapitalanlage GmbH Has $6.51 Million Stock Holdings in Waste Management, Inc. $WM

MASTERINVEST Kapitalanlage GmbH lifted its holdings in Waste Management, Inc. (NYSE:WM) by 22.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,311 shares of the business services provider’s stock after buying an additional 5,280 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Waste Management were worth $6,506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WM. Vanguard Group Inc. increased its position in Waste Management by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after acquiring an additional 553,605 shares in the last quarter. State Street Corp lifted its position in shares of Waste Management by 1.6% during the fourth quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock worth $3,820,921,000 after purchasing an additional 281,456 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Waste Management by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock valued at $1,972,371,000 after purchasing an additional 117,476 shares during the last quarter. Norges Bank acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $1,022,916,000. Finally, Northern Trust Corp increased its holdings in shares of Waste Management by 0.3% in the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock valued at $873,276,000 after purchasing an additional 11,688 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

WM opened at $234.40 on Wednesday. The company has a fifty day moving average price of $221.06 and a two-hundred day moving average price of $226.18. The firm has a market capitalization of $94.13 billion, a PE ratio of 33.92, a P/E/G ratio of 2.89 and a beta of 0.44. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93.

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

Waste Management Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company reduced their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Barclays boosted their target price on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. TD Cowen upped their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce upgraded Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price objective for the company in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada boosted their price objective on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $256.20.

Waste Management Company 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.