SEB Asset Management AB Invests $52.75 Million in Waste Management, Inc. $WM

SEB Asset Management AB acquired a new stake in Waste Management, Inc. (NYSE:WM) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 229,550 shares of the business services provider’s stock, valued at approximately $52,748,000. SEB Asset Management AB owned 0.06% of Waste Management at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Elevated Capital Advisors LLC bought a new position in Waste Management in the 4th quarter valued at $25,000. Financial Network Wealth Advisors LLC grew its position in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 47 shares in the last quarter. RHL Group LLC bought a new position in shares of Waste Management in the fourth quarter worth $29,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Waste Management in the fourth quarter worth $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Waste Management in the third quarter worth $30,000. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays boosted their target price on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. TD Cowen boosted their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Finally, Wells Fargo & Company lowered their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $256.70.

Waste Management Stock Performance

Waste Management stock opened at $239.50 on Friday. The firm has a fifty day simple moving average of $222.20 and a two-hundred day simple moving average of $226.50. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a market capitalization of $96.18 billion, a PE ratio of 34.66, a P/E/G ratio of 2.91 and a beta of 0.44.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.67 earnings per share. Research analysts expect that Waste Management, Inc. will post 8.16 EPS for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Waste Management News Roundup

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Scotiabank raised Waste Management’s price target to $260 from $250, suggesting continued upside potential despite maintaining a “sector perform” view.
• Positive Sentiment: Analyst commentary highlighted WM’s strong waste collection network, pricing power, and acquisition strategy as supports for growth and margins.
• Neutral Sentiment: Erste Group Bank trimmed its FY2026 EPS estimate to $8.16 from $8.17, a very small revision that matches the current consensus estimate.
• Neutral Sentiment: Erste Group also nudged FY2027 EPS down to $9.20 from $9.23, another modest cut that does not materially change the long-term earnings outlook.
• Negative Sentiment: Analyst notes pointed to WM’s high debt load and slower stock momentum as ongoing concerns that could weigh on investor sentiment.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.