Waste Management, Inc. (NYSE:WM) Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB grew its position in Waste Management, Inc. (NYSE:WM) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,967 shares of the business services provider’s stock after purchasing an additional 2,130 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Waste Management were worth $3,626,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of Waste Management by 94,414.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after buying an additional 2,588,842 shares in the last quarter. Swedbank AB grew its holdings in shares of Waste Management by 67.2% during the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after purchasing an additional 709,678 shares during the last quarter. Parnassus Investments LLC increased its position in shares of Waste Management by 11.3% during the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after purchasing an additional 520,096 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Waste Management by 32.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after purchasing an additional 437,613 shares during the period. Finally, National Bank of Canada FI grew its stake in Waste Management by 138.0% during the 3rd quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock worth $149,168,000 after buying an additional 416,579 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $223.89 on Tuesday. The firm has a 50-day moving average of $212.19 and a two-hundred day moving average of $211.24. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a market cap of $89.86 billion, a P/E ratio of 32.92, a PEG ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a 1-year low of $187.20 and a 1-year high of $230.39.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. On average, research analysts expect that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. Waste Management’s dividend payout ratio (DPR) is 44.12%.

Insider Transactions at Waste Management

In related news, VP Donald J. Smith sold 191 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the sale, the vice president now directly owns 6,129 shares of the company’s stock, valued at approximately $1,349,728.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO John A. Carroll sold 209 shares of Waste Management stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the transaction, the chief accounting officer now directly owns 9,066 shares of the company’s stock, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,653 shares of company stock valued at $364,287. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WM. Raymond James increased their target price on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group reduced their price objective on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Citigroup raised their target price on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus lifted their price objective on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $234.50.

About Waste Management

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.