Meag Munich Ergo Kapitalanlagegesellschaft MBH Purchases New Position in Waste Management, Inc. (WM)

Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Waste Management, Inc. (NYSE:WM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 126,968 shares of the business services provider’s stock, valued at approximately $9,986,000.

Several other institutional investors have also modified their holdings of the business. Hudock Capital Group LLC lifted its stake in shares of Waste Management by 0.6% during the 2nd quarter. Hudock Capital Group LLC now owns 2,060 shares of the business services provider’s stock worth $151,000 after purchasing an additional 12 shares during the period. Guardian Life Insurance Co. of America lifted its stake in shares of Waste Management by 0.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after purchasing an additional 14 shares during the period. Lincoln National Corp lifted its stake in shares of Waste Management by 0.5% during the 2nd quarter. Lincoln National Corp now owns 4,404 shares of the business services provider’s stock worth $323,000 after purchasing an additional 21 shares during the period. Bridgewater Wealth & Financial Management LLC lifted its stake in shares of Waste Management by 0.5% during the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 4,032 shares of the business services provider’s stock worth $296,000 after purchasing an additional 22 shares during the period. Finally, First Interstate Bank lifted its stake in shares of Waste Management by 2.4% during the 2nd quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock worth $119,000 after purchasing an additional 38 shares during the period. 76.42% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the company. Credit Suisse Group set a $90.00 price target on Waste Management and gave the stock a “buy” rating in a research note on Monday, October 30th. Oppenheimer Holdings, Inc. increased their price target on Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. BMO Capital Markets increased their price target on Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research raised Waste Management from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Finally, KeyCorp reissued a “buy” rating and set a $88.00 price target on shares of Waste Management in a research note on Friday, October 27th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $81.81.

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Waste Management, Inc. (WM) traded down $0.08 during mid-day trading on Friday, hitting $81.32. The stock had a trading volume of 1,815,500 shares, compared to its average volume of 1,913,806. The firm has a market cap of $35,310.45, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 2.64 and a beta of 0.76. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60. Waste Management, Inc. has a 1-year low of $66.40 and a 1-year high of $82.87.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.09%. Waste Management’s payout ratio is 54.84%.

About Waste Management

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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