Commerzbank Aktiengesellschaft FI Sells 2,287 Shares of Waste Management, Inc. (NYSE:WM)

Commerzbank Aktiengesellschaft FI trimmed its position in Waste Management, Inc. (NYSE:WM) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,259 shares of the business services provider’s stock after selling 2,287 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Waste Management were worth $20,399,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sustainable Growth Advisers LP acquired a new position in Waste Management during the first quarter worth $300,594,000. Capital World Investors raised its stake in Waste Management by 44.6% during the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock worth $900,957,000 after acquiring an additional 1,303,466 shares in the last quarter. Swedbank AB acquired a new position in Waste Management during the first quarter worth $193,955,000. Wulff Hansen & CO. raised its stake in Waste Management by 20,402.6% during the second quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock worth $185,196,000 after acquiring an additional 863,846 shares in the last quarter. Finally, AMF Tjanstepension AB raised its stake in Waste Management by 85.6% during the second quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock worth $333,234,000 after acquiring an additional 720,358 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on WM. BMO Capital Markets dropped their price objective on Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. Royal Bank of Canada decreased their target price on Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Scotiabank initiated coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Finally, William Blair initiated coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management Price Performance

Shares of WM opened at $211.22 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 1 year low of $153.95 and a 1 year high of $225.00. The stock has a market cap of $84.72 billion, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74. The stock’s 50-day moving average price is $208.59 and its two-hundred day moving average price is $208.52.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.82. The firm had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.51 earnings per share. On average, equities analysts predict that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio is currently 49.10%.

Waste Management Company Profile

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.