BI Asset Management Fondsmaeglerselskab A S Decreases Stock Holdings in Waste Management, Inc. $WM

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 28.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,861 shares of the business services provider’s stock after selling 10,059 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Waste Management were worth $5,682,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Broadway Wealth Solutions Inc. grew its stake in shares of Waste Management by 2.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after buying an additional 44 shares in the last quarter. San Luis Wealth Advisors LLC increased its stake in Waste Management by 2.4% during the fourth quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after acquiring an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC raised its position in Waste Management by 0.7% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock valued at $1,341,000 after purchasing an additional 45 shares during the period. Cassaday & Co Wealth Management LLC lifted its stake in shares of Waste Management by 1.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock valued at $527,000 after purchasing an additional 45 shares during the last quarter. Finally, Old Port Advisors boosted its holdings in shares of Waste Management by 0.3% in the 4th quarter. Old Port Advisors now owns 16,963 shares of the business services provider’s stock worth $3,727,000 after purchasing an additional 46 shares during the period. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WM. TD Cowen increased their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. Wolfe Research initiated coverage on shares of Waste Management in a research note on Friday, March 13th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lowered their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their price target on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $255.67.

Waste Management Stock Up 0.0%

Shares of WM opened at $220.45 on Monday. The firm has a fifty day moving average price of $223.62 and a 200-day moving average price of $224.58. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $88.53 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.30 and a beta of 0.45. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 EPS. Equities research analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s payout ratio is currently 54.70%.

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.