Keybank National Association OH lessened its stake in Waste Management, Inc. (NYSE:WM) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,040 shares of the business services provider’s stock after selling 97 shares during the period. Keybank National Association OH’s holdings in Waste Management were worth $2,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new stake in shares of Waste Management in the 4th quarter worth approximately $26,000. Larson Financial Group LLC acquired a new position in Waste Management during the fourth quarter worth about $26,000. Executive Wealth Management LLC acquired a new position in shares of Waste Management in the fourth quarter valued at approximately $26,000. Altshuler Shaham Ltd acquired a new position in shares of Waste Management in the fourth quarter valued at approximately $27,000. Finally, Washington Trust Bank bought a new stake in Waste Management in the first quarter valued at approximately $28,000. Institutional investors own 74.16% of the company’s stock.

A number of equities analysts have issued reports on WM shares. Oppenheimer increased their price target on Waste Management from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. UBS Group cut Waste Management from a “buy” rating to a “neutral” rating and increased their price target for the stock from $103.00 to $106.00 in a report on Thursday, April 4th. Stifel Nicolaus upgraded Waste Management from a “hold” rating to a “buy” rating in a report on Monday, April 15th. KeyCorp assumed coverage on Waste Management in a report on Monday, February 4th. They issued an “overweight” rating and a $96.00 target price on the stock. Finally, Royal Bank of Canada assumed coverage on Waste Management in a report on Wednesday, May 1st. They issued a “sector perform” rating and a $113.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Waste Management currently has a consensus rating of “Buy” and an average target price of $105.22.

In related news, VP Michael J. Watson sold 700 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $104.55, for a total value of $73,185.00. Following the completion of the sale, the vice president now directly owns 9,518 shares of the company’s stock, valued at approximately $995,106.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John J. Morris sold 42,795 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $106.38, for a total value of $4,552,532.10. Following the completion of the sale, the executive vice president now directly owns 101,332 shares of the company’s stock, valued at $10,779,698.16. The disclosure for this sale can be found here. Insiders sold a total of 43,811 shares of company stock valued at $4,657,346 over the last three months. 0.14% of the stock is currently owned by insiders.

Shares of WM opened at $108.43 on Friday. Waste Management, Inc. has a 12-month low of $79.96 and a 12-month high of $109.99. The company has a current ratio of 0.69, a quick ratio of 0.66 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $46.06 billion, a P/E ratio of 25.82, a PEG ratio of 2.96 and a beta of 0.67.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, April 25th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. Waste Management had a return on equity of 29.12% and a net margin of 12.43%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the business earned $0.91 EPS. Waste Management’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Waste Management, Inc. will post 4.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.5125 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, June 6th. Waste Management’s dividend payout ratio is currently 48.81%.

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About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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