Flossbach Von Storch SE Buys Shares of 1,365 Waste Management, Inc. (NYSE:WM)

Flossbach Von Storch SE purchased a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,365 shares of the business services provider's stock, valued at approximately $316,000.

Other large investors have also recently made changes to their positions in the company. Westend Capital Management LLC boosted its position in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after buying an additional 66 shares during the period. West Branch Capital LLC boosted its position in Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock valued at $28,000 after buying an additional 49 shares during the period. Transce3nd LLC purchased a new stake in shares of Waste Management in the 4th quarter worth $28,000. Hurley Capital LLC purchased a new stake in shares of Waste Management in the 4th quarter worth $34,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Waste Management by 87.6% in the 4th quarter. Fairway Wealth LLC now owns 197 shares of the business services provider's stock worth $40,000 after buying an additional 92 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the completion of the transaction, the chief financial officer owned 83,934 shares of the company's stock, valued at approximately $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rafael Carrasco sold 674 shares of the business'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 sale, the senior vice president directly owned 16,542 shares of the company's stock, valued at $3,917,311.02. This represents a 3.91% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WM. Seaport Res Ptn upgraded Waste Management to a "hold" rating in a report on Tuesday, May 6th. Robert W. Baird upped their price target on shares of Waste Management from $235.00 to $245.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Waste Management from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. CIBC upped their price objective on Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Finally, Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Waste Management has an average rating of "Moderate Buy" and a consensus target price of $251.29.

Waste Management Stock Performance

Shares of NYSE WM traded down $0.21 during midday trading on Thursday, reaching $225.54. The company had a trading volume of 1,596,353 shares, compared to its average volume of 1,632,051. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $242.58. The stock has a market cap of $90.76 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.99 and a beta of 0.64. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65. The business's 50-day simple moving average is $232.44 and its 200 day simple moving average is $225.44.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.08. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The firm had revenue of $6.02 billion during the quarter, compared to analysts' expectations of $6.14 billion. During the same period last year, the business posted $1.75 earnings per share. The company's revenue for the quarter was up 16.7% compared to the same quarter last year. On average, 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 was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, June 6th. This represents a $3.30 annualized dividend and a dividend yield of 1.46%. Waste Management's dividend payout ratio (DPR) is presently 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.