Commerzbank Aktiengesellschaft FI Has $13.73 Million Holdings in Waste Management, Inc. $WM

Key Points

• Commerzbank Aktiengesellschaft FI cut its Waste Management position by 52.6% in the second quarter, selling 68,355 shares and retaining 61,606 shares worth approximately $13.73 million. Institutional investors collectively own 80.40% of WM.
• Waste Management reported quarterly EPS of $2.02, exceeding estimates of $1.98, while revenue rose 4.0% year over year to $6.68 billion, slightly below expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $258.89 versus a share price of $225.05, although valuation concerns remain because WM trades at a relatively high earnings multiple.

Commerzbank Aktiengesellschaft FI lowered its position in Waste Management, Inc. (NYSE:WM - Free Report) by 52.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 61,606 shares of the business services provider's stock after selling 68,355 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Waste Management were worth $13,731,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Waste Management by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider's stock valued at $8,566,508,000 after acquiring an additional 553,605 shares during the last quarter. State Street Corp boosted its position in shares of Waste Management by 1.6% during the 4th quarter. State Street Corp now owns 17,390,748 shares of the business services provider's stock valued at $3,820,921,000 after purchasing an additional 281,456 shares in the last quarter. Geode Capital Management LLC grew its stake in Waste Management by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider's stock worth $1,972,371,000 after purchasing an additional 117,476 shares during the period. Norges Bank bought a new stake in Waste Management in the fourth quarter worth approximately $1,022,916,000. Finally, Northern Trust Corp lifted its stake in Waste Management by 0.3% in the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider's stock valued at $873,276,000 after buying an additional 11,688 shares during the period. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Up 0.7%

NYSE WM opened at $225.05 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The business has a 50 day moving average price of $227.84 and a 200-day moving average price of $227.77. The company has a market cap of $89.95 billion, a price-to-earnings ratio of 31.88, a P/E/G ratio of 2.75 and a beta of 0.44.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company had revenue of $6.68 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same period last year, the business earned $1.92 EPS. Waste Management's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts expect that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

Waste Management News Summary

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Waste Management has generated a 58.6% total stock gain over the past five years, reflecting the company’s defensive business profile and relatively consistent long-term performance. Its discounted-cash-flow valuation was described as approximately in line with the share price, which may support the view that the stock is not materially overvalued under cash-flow assumptions. Where Does Waste Management (WM) Value Sit After A 59% Gain?
• Neutral Sentiment: Recent “waste management stocks” coverage provides general sector context but does not identify a new development specific to Waste Management that would materially change its earnings outlook. Waste Management Stocks To Consider - August 15th
• Negative Sentiment: The valuation analysis flags a low value score and indicates that earnings-based multiples place WM at a premium. With the stock trading near its 50-day and 200-day averages and at a forward earnings valuation that is not inexpensive, concerns about limited upside or elevated valuation could weigh on investor enthusiasm.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of research analyst reports. Citigroup increased their price target on Waste Management from $263.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Stifel Nicolaus boosted their target price on shares of Waste Management from $252.00 to $261.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Royal Bank Of Canada increased their target price on shares of Waste Management from $240.00 to $244.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. Barclays raised their price target on shares of Waste Management from $270.00 to $277.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Finally, UBS Group lifted their price target on shares of Waste Management from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $258.89.

Waste Management Profile

Waste Management, Inc NYSE: WM is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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