Deutsche Bank AG Sells 278,966 Shares of Waste Management, Inc. $WM

Deutsche Bank AG lowered its stake in Waste Management, Inc. (NYSE:WM) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,104,665 shares of the business services provider’s stock after selling 278,966 shares during the period. Deutsche Bank AG owned 0.52% of Waste Management worth $462,416,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in Waste Management in the fourth quarter valued at $25,000. RHL Group LLC bought a new stake in Waste Management in the fourth quarter valued at $29,000. JPL Wealth Management LLC bought a new stake in Waste Management in the third quarter valued at $30,000. Kelleher Financial Advisors bought a new stake in Waste Management in the fourth quarter valued at $31,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Waste Management in the fourth quarter valued at $34,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

WM opened at $224.47 on Thursday. The stock has a 50-day moving average price of $223.23 and a 200-day moving average price of $224.71. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market cap of $90.14 billion, a PE ratio of 32.49, a P/E/G ratio of 2.31 and a beta of 0.45. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13.

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

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s payout ratio is currently 54.70%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WM. Wells Fargo & Company cut their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised their price objective on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Robert W. Baird raised their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Finally, Royal Bank Of Canada raised their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $255.30.

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.