BI Asset Management Fondsmaeglerselskab A S Has $14.43 Million Stock Holdings in Waste Management, Inc. $WM

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 142.9% during the first quarter, Holdings Channel.com reports. The firm owned 62,808 shares of the business services provider’s stock after acquiring an additional 36,947 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Waste Management were worth $14,433,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Elevated Capital Advisors LLC acquired a new position in Waste Management during the 4th quarter worth approximately $25,000. RHL Group LLC bought a new stake in shares of Waste Management during the fourth quarter worth about $29,000. Financial Network Wealth Advisors LLC raised its holdings in shares of Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after acquiring an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC bought a new stake in Waste Management during the 3rd quarter worth approximately $30,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Cowen raised their target price on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wolfe Research started coverage on Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating for the company. Robert W. Baird raised their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. upped their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, Barclays increased their target price on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Stock Performance

Shares of Waste Management stock opened at $214.40 on Monday. The business’s fifty day simple moving average is $221.00 and its 200 day simple moving average is $224.74. The firm has a market capitalization of $86.10 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 2.24 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. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22.

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. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.8%. 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.