Deutsche Bank AG Has $424.70 Million Holdings in Waste Management, Inc. (NYSE:WM)

Deutsche Bank AG raised its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,104,650 shares of the business services provider's stock after buying an additional 16,739 shares during the period. Deutsche Bank AG owned approximately 0.52% of Waste Management worth $424,697,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of WM. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Waste Management by 49.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 797,856 shares of the business services provider's stock worth $160,999,000 after acquiring an additional 265,335 shares in the last quarter. EHP Funds Inc. acquired a new stake in shares of Waste Management during the fourth quarter worth approximately $787,000. EP Wealth Advisors LLC boosted its holdings in shares of Waste Management by 4.8% during the fourth quarter. EP Wealth Advisors LLC now owns 17,256 shares of the business services provider's stock worth $3,482,000 after purchasing an additional 786 shares during the period. Colonial Trust Co SC increased its stake in shares of Waste Management by 3.9% in the fourth quarter. Colonial Trust Co SC now owns 30,154 shares of the business services provider's stock worth $6,085,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Concentric Capital Strategies LP boosted its position in Waste Management by 34.9% during the fourth quarter. Concentric Capital Strategies LP now owns 40,858 shares of the business services provider's stock valued at $8,245,000 after purchasing an additional 10,565 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO James C. Fish, Jr. sold 44,405 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $228.43, for a total value of $10,143,434.15. Following the transaction, the chief executive officer now owns 211,061 shares in the company, valued at approximately $48,212,664.23. This trade represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael J. Watson sold 5,732 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $227.51, for a total transaction of $1,304,087.32. Following the completion of the transaction, the vice president now directly owns 55,587 shares in the company, valued at approximately $12,646,598.37. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,522 shares of company stock valued at $18,084,124. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Oppenheimer lifted their price target on Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a report on Friday, January 31st. CIBC raised their price target on shares of Waste Management from $227.00 to $247.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Robert W. Baird lifted their price objective on shares of Waste Management from $235.00 to $245.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Morgan Stanley lifted their price target on shares of Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Waste Management from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $243.29.

Waste Management Stock Down 3.2%

NYSE WM traded down $7.34 during trading hours on Monday, reaching $225.41. 2,974,299 shares of the company's stock were exchanged, compared to its average volume of 1,653,822. The company's 50-day moving average is $228.54 and its two-hundred day moving average is $221.24. Waste Management, Inc. has a one year low of $196.59 and a one year high of $239.32. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. The company has a market capitalization of $90.71 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 2.71 and a beta of 0.67.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.08. The company had revenue of $6.02 billion during the quarter, compared to analysts' expectations of $6.14 billion. Waste Management had a net margin of 12.45% and a return on equity of 37.93%. The business's quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $1.75 EPS. On average, analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.46%. Waste Management's payout ratio is presently 49.77%.

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.