Czech National Bank Has $20.79 Million Stock Holdings in Waste Management, Inc. $WM

Czech National Bank increased its stake in Waste Management, Inc. (NYSE:WM) by 5.2% during the third quarter, Holdings Channel.com reports. The fund owned 94,125 shares of the business services provider’s stock after buying an additional 4,615 shares during the period. Czech National Bank’s holdings in Waste Management were worth $20,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Waste Management in the 2nd quarter valued at $1,064,206,000. Valeo Financial Advisors LLC boosted its position in Waste Management by 15,782.4% during the second quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock valued at $395,512,000 after acquiring an additional 1,717,603 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Waste Management by 30.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock worth $1,233,240,000 after acquiring an additional 1,239,996 shares during the period. Sustainable Growth Advisers LP raised its position in shares of Waste Management by 55.5% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,897,636 shares of the business services provider’s stock worth $663,037,000 after acquiring an additional 1,034,258 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Waste Management by 982.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 886,164 shares of the business services provider’s stock valued at $195,692,000 after purchasing an additional 804,285 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Activity

In other news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the sale, the senior vice president owned 15,540 shares in the company, valued at $3,373,112.40. This represents a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WM shares. Sanford C. Bernstein initiated coverage on Waste Management in a report on Wednesday, November 12th. They issued an “outperform” rating and a $255.00 target price for the company. National Bankshares lowered their price objective on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Truist Financial set a $260.00 target price on shares of Waste Management in a research note on Wednesday, October 29th. Barclays reduced their price target on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, DZ Bank assumed coverage on Waste Management in a report on Tuesday, November 25th. They issued a “buy” rating and a $250.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $248.95.

Waste Management Price Performance

WM stock opened at $218.25 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84. The business has a 50-day simple moving average of $211.31 and a two-hundred day simple moving average of $221.41. The company has a market capitalization of $87.93 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 2.71 and a beta of 0.58. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $1.96 earnings per share. Research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, December 5th. Waste Management’s payout ratio is currently 51.97%.

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.