Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 41,300 Shares of Waste Management, Inc. $WM

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 37.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 150,996 shares of the business services provider’s stock after acquiring an additional 41,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Waste Management were worth $34,551,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WM. Brighton Jones LLC grew its holdings in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares during the last quarter. Sprott Inc. bought a new stake in Waste Management during the 1st quarter worth about $325,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Waste Management by 6.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,569 shares of the business services provider’s stock worth $12,732,000 after acquiring an additional 3,393 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Waste Management by 41.7% in the 1st quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider’s stock valued at $183,000 after purchasing an additional 232 shares during the last quarter. Finally, Stonebridge Financial Group LLC boosted its stake in shares of Waste Management by 3.0% in the 1st 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. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.5%

Waste Management stock opened at $213.69 on Tuesday. The company’s 50 day simple moving average is $219.68 and its 200 day simple moving average is $227.10. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The firm has a market capitalization of $86.08 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.64 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. During the same period in the previous year, the firm posted $1.96 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s payout ratio is presently 48.96%.

Wall Street Analyst Weigh In

WM has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. BMO Capital Markets raised their target price on shares of Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research note on Wednesday, July 30th. Stifel Nicolaus initiated coverage on shares of Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 target price on the stock. 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. Finally, Barclays reduced their target price on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $253.00.

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.