Allianz SE Raises Stock Holdings in Waste Management, Inc. $WM

Allianz SE raised its position in Waste Management, Inc. (NYSE:WM) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,886 shares of the business services provider’s stock after acquiring an additional 5,232 shares during the quarter. Allianz SE’s holdings in Waste Management were worth $10,741,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Sprott Inc. acquired a new position in Waste Management in the first quarter valued at approximately $325,000. Sei Investments Co. boosted its holdings in Waste Management by 8.0% in the second quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock valued at $62,339,000 after purchasing an additional 20,122 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Waste Management by 68.2% in the second quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock valued at $83,843,000 after purchasing an additional 148,590 shares in the last quarter. Finally, Glenview Trust co boosted its holdings in Waste Management by 5.1% in the second quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock valued at $764,000 after purchasing an additional 162 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

Shares of NYSE:WM opened at $219.12 on Friday. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The business’s 50-day simple moving average is $222.77 and its 200 day simple moving average is $224.68. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market cap of $87.99 billion, a P/E ratio of 31.71, a PEG ratio of 2.29 and a beta of 0.45.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping 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 company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm earned $1.67 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, June 5th. Waste Management’s payout ratio is presently 54.70%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WM. Wolfe Research assumed coverage on Waste Management in a report on Friday, March 13th. They issued a “peer perform” rating for the company. Robert W. Baird boosted their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Wells Fargo & Company reduced their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Barclays boosted their price objective on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Fifteen 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, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.