First American Trust FSB grew its position in shares of Waste Management, Inc. (NYSE:WM) by 12.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 39,623 shares of the business services provider’s stock after buying an additional 4,466 shares during the quarter. First American Trust FSB’s holdings in Waste Management were worth $3,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of WM. Janus Henderson Group PLC lifted its position in shares of Waste Management by 7,400.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock worth $316,712,000 after buying an additional 4,260,260 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Waste Management by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock worth $2,521,397,000 after purchasing an additional 1,621,347 shares during the period. BlackRock Inc. raised its holdings in shares of Waste Management by 4.9% in the 2nd quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock worth $2,320,637,000 after purchasing an additional 1,475,583 shares during the period. APG Asset Management N.V. raised its holdings in shares of Waste Management by 49.2% in the 3rd quarter. APG Asset Management N.V. now owns 2,417,131 shares of the business services provider’s stock worth $189,189,000 after purchasing an additional 797,192 shares during the period. Finally, Pictet Asset Management Ltd. raised its holdings in shares of Waste Management by 52.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,942,925 shares of the business services provider’s stock worth $152,073,000 after purchasing an additional 666,000 shares during the period. 74.89% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Barry H. Caldwell sold 1,650 shares of Waste Management stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by insiders.

A number of research firms recently commented on WM. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target on shares of Waste Management in a report on Thursday, January 4th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Monday. BMO Capital Markets lifted their price target on shares of Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Oppenheimer lifted their price target on shares of Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Finally, Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Buy” and a consensus price target of $86.78.

Waste Management, Inc. (NYSE WM) opened at $87.27 on Thursday. Waste Management, Inc. has a one year low of $69.00 and a one year high of $88.40. The firm has a market cap of $37,890.00, a P/E ratio of 28.06, a P/E/G ratio of 2.64 and a beta of 0.75. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the business earned $0.84 EPS. Waste Management’s revenue was up 4.7% compared to the same quarter last year. equities analysts predict that Waste Management, Inc. will post 3.2 earnings per share for the current fiscal year.

Waste Management declared that its board has authorized a share repurchase plan on Thursday, December 14th that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.425 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a yield of 1.95%. Waste Management’s dividend payout ratio is 54.66%.

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Waste Management Company Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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