Swedbank AB Acquires 6,764 Shares of Waste Management, Inc. $WM

Swedbank AB lifted its stake in Waste Management, Inc. (NYSE:WM) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,854,905 shares of the business services provider’s stock after purchasing an additional 6,764 shares during the period. Swedbank AB’s holdings in Waste Management were worth $424,439,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares during the period. Northern Trust Corp raised its holdings in Waste Management by 1.8% in the first quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock worth $941,709,000 after purchasing an additional 70,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Waste Management by 26.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after buying an additional 709,557 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Waste Management by 7.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,633,710 shares of the business services provider’s stock valued at $531,456,000 after buying an additional 177,398 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock worth $570,108,000 after buying an additional 36,836 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WM shares. Melius assumed coverage on shares of Waste Management in a research report on Monday, June 9th. They set a “buy” rating for the company. Raymond James Financial raised their target price on shares of Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised Waste Management from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $225.00 to $277.00 in a research report on Friday, May 23rd. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Finally, Citigroup lowered their price objective on Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $254.18.

Waste Management Stock Up 0.8%

Waste Management stock opened at $215.64 on Thursday. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The stock has a fifty day simple moving average of $226.42 and a two-hundred day simple moving average of $228.99. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The firm has a market cap of $86.87 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 2.62 and a beta of 0.64.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the firm posted $1.82 EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, September 12th. Waste Management’s dividend payout ratio is 48.96%.

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.