Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Purchases Shares of 143,855 Waste Management, Inc. (NYSE:WM)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. purchased a new stake in Waste Management, Inc. (NYSE:WM - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 143,855 shares of the business services provider's stock, valued at approximately $33,304,000. Waste Management comprises about 6.7% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s portfolio, making the stock its 3rd largest position.

Several other institutional investors also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider's stock worth $781,000 after buying an additional 44 shares during the last quarter. Ascent Group LLC lifted its holdings in Waste Management by 0.6% during the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock valued at $1,520,000 after purchasing an additional 44 shares during the last quarter. Insight Wealth Strategies LLC lifted its holdings in Waste Management by 0.4% during the first quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider's stock valued at $2,698,000 after purchasing an additional 44 shares during the last quarter. Stonebridge Financial Group LLC lifted its holdings in Waste Management by 3.0% during the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock valued at $355,000 after purchasing an additional 45 shares during the last quarter. Finally, Formidable Asset Management LLC lifted its holdings in Waste Management by 2.0% during the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider's stock valued at $536,000 after purchasing an additional 45 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following 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 SEC, which is accessible through the SEC website. Also, SVP Rafael Carrasco sold 674 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the transaction, the senior vice president owned 16,542 shares of the company's stock, valued at approximately $3,917,311.02. This represents a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Waste Management Stock Up 0.3%

Shares of WM traded up $0.72 during midday trading on Tuesday, reaching $226.02. 355,751 shares of the stock were exchanged, compared to its average volume of 1,629,725. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $242.58. The company's 50 day moving average is $231.54 and its two-hundred day moving average is $226.73. The company has a market capitalization of $90.95 billion, a P/E ratio of 34.09, a PEG ratio of 2.82 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.

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, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, June 6th. Waste Management's dividend payout ratio (DPR) is presently 49.77%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WM shares. UBS Group raised their target price on shares of Waste Management from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Seaport Res Ptn raised shares of Waste Management to a "hold" rating in a research note on Tuesday, May 6th. Melius initiated coverage on shares of Waste Management in a research note on Monday, June 9th. They issued a "buy" rating on the stock. Wall Street Zen upgraded shares of Waste Management from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Finally, Scotiabank lifted their price target on shares of Waste Management from $260.00 to $265.00 and gave the company a "sector outperform" rating in a report on Friday, June 27th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $252.41.

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.

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