Baader Bank Aktiengesellschaft Purchases 62 Shares of Waste Management, Inc. (NYSE:WM)

Baader Bank Aktiengesellschaft raised its position in shares of Waste Management, Inc. (NYSE:WM) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,296 shares of the business services provider’s stock after purchasing an additional 62 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Waste Management were worth $262,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WM. Activest Wealth Management raised its position in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates raised its holdings in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the period. General Partner Inc. purchased a new position in Waste Management during the fourth quarter valued at $29,000. Sugar Maple Asset Management LLC bought a new stake in Waste Management during the fourth quarter valued at about $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Waste Management in the second quarter worth about $36,000. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on WM. Oppenheimer increased their target price on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Argus raised their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. Finally, CIBC lifted their target price on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $231.39.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Waste Management Stock Up 6.2 %

NYSE:WM opened at $222.57 on Friday. The company has a market cap of $89.33 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77. Waste Management, Inc. has a twelve month low of $184.72 and a twelve month high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a fifty day simple moving average of $212.26 and a 200-day simple moving average of $211.28.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Analysts anticipate that Waste Management, Inc. will post 7.99 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s payout ratio is 44.12%.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.