Edmond DE Rothschild Holding S.A. reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 18.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,000 shares of the business services provider’s stock after selling 1,774 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Waste Management were worth $712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC purchased a new stake in Waste Management during the 4th quarter valued at approximately $26,000. We Are One Seven LLC purchased a new stake in Waste Management during the 4th quarter valued at approximately $26,000. Altshuler Shaham Ltd purchased a new stake in Waste Management during the 4th quarter valued at approximately $27,000. Gantzert Investment Co. LLC ADV purchased a new stake in Waste Management during the 4th quarter valued at approximately $31,000. Finally, Athena Capital Advisors LLC purchased a new stake in Waste Management during the 4th quarter valued at approximately $36,000. 74.40% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on WM shares. Zacks Investment Research reiterated a “hold” rating and set a $103.00 target price on shares of Waste Management in a research report on Saturday, November 17th. Goldman Sachs Group upgraded Waste Management from a “sell” rating to a “buy” rating and increased their target price for the company from $84.00 to $107.00 in a research report on Tuesday, December 4th. KeyCorp started coverage on Waste Management in a research report on Monday, February 4th. They set an “overweight” rating and a $96.00 target price for the company. Oppenheimer increased their target price on Waste Management from $95.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, February 15th. Finally, UBS Group upgraded Waste Management from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $103.00 in a research report on Thursday, January 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $101.00.

In related news, insider Steve Batchelor sold 707 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $98.83, for a total value of $69,872.81. Following the completion of the sale, the insider now directly owns 22,142 shares in the company, valued at $2,188,293.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Devina A. Rankin sold 692 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $98.80, for a total value of $68,369.60. Following the completion of the sale, the chief financial officer now owns 22,128 shares of the company’s stock, valued at $2,186,246.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,092 shares of company stock valued at $402,648. 0.30% of the stock is owned by corporate insiders.

NYSE WM opened at $100.97 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 1.53. The company has a market cap of $43.05 billion, a PE ratio of 24.04, a PEG ratio of 2.49 and a beta of 0.67. Waste Management, Inc. has a one year low of $79.96 and a one year high of $101.78.

Waste Management (NYSE:WM) last posted its earnings results on Thursday, February 14th. The business services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.78 billion. Waste Management had a return on equity of 29.43% and a net margin of 12.91%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. On average, sell-side analysts expect that Waste Management, Inc. will post 4.37 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be given a $0.5125 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from Waste Management’s previous quarterly dividend of $0.47. This represents a $2.05 dividend on an annualized basis and a yield of 2.03%. Waste Management’s dividend payout ratio (DPR) is currently 48.81%.

Waste Management announced that its Board of Directors has initiated a share repurchase program on Thursday, December 13th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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