Compagnie Lombard Odier SCmA Increases Position in Waste Management, Inc. (NYSE:WM)

Compagnie Lombard Odier SCmA raised its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 397,629 shares of the business services provider's stock after purchasing an additional 54,855 shares during the quarter. Waste Management accounts for approximately 1.1% of Compagnie Lombard Odier SCmA's investment portfolio, making the stock its 24th biggest holding. Compagnie Lombard Odier SCmA owned 0.10% of Waste Management worth $92,055,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Banque Pictet & Cie SA boosted its stake in shares of Waste Management by 0.6% during the 4th quarter. Banque Pictet & Cie SA now owns 1,869,190 shares of the business services provider's stock worth $377,184,000 after acquiring an additional 11,940 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Waste Management by 3.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 278,890 shares of the business services provider's stock worth $55,929,000 after purchasing an additional 8,914 shares during the last quarter. Brighton Jones LLC raised its position in shares of Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Guyasuta Investment Advisors Inc. raised its position in shares of Waste Management by 22.1% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,597 shares of the business services provider's stock worth $3,349,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Mission Wealth Management LP raised its position in shares of Waste Management by 811.1% during the 4th quarter. Mission Wealth Management LP now owns 9,102 shares of the business services provider's stock worth $1,837,000 after purchasing an additional 8,103 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WM shares. Scotiabank increased their price objective on shares of Waste Management from $255.00 to $260.00 and gave the company a "sector outperform" rating in a report on Tuesday, April 8th. Melius Research upgraded shares of Waste Management to a "strong-buy" rating and set a $263.00 price objective for the company in a report on Monday. William Blair restated an "outperform" rating on shares of Waste Management in a report on Tuesday, April 29th. Citigroup raised their price target on shares of Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, UBS Group raised their price target on shares of Waste Management from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and an average target price of $248.00.

Insider Activity

In related news, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the transaction, the chief financial officer now directly owns 83,934 shares of the company's stock, valued at $19,922,574.24. This represents a 40.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Rafael Carrasco sold 674 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the transaction, the senior vice president now owns 16,542 shares in the company, valued at $3,917,311.02. The trade was a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Waste Management Stock Down 0.4%

Shares of Waste Management stock traded down $1.05 during trading on Friday, hitting $236.10. 939,127 shares of the stock were exchanged, compared to its average volume of 1,619,728. The stock has a market cap of $95.01 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. The firm's 50-day moving average price is $231.75 and its 200 day moving average price is $223.77. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $242.58. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85.

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

Waste Management Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.40%. Waste Management's payout ratio is 49.77%.

Waste Management 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.