Andra AP fonden Purchases Shares of 18,182 Waste Management, Inc. $WM

Andra AP fonden acquired a new stake in Waste Management, Inc. (NYSE:WM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,182 shares of the business services provider’s stock, valued at approximately $4,178,000.

Several other hedge funds have also made changes to their positions in the business. Madison Asset Management LLC raised its position in Waste Management by 34.9% during the 1st quarter. Madison Asset Management LLC now owns 4,419 shares of the business services provider’s stock worth $1,015,000 after buying an additional 1,144 shares during the last quarter. Resolute Advisors LLC increased its holdings in Waste Management by 9.2% during the 1st quarter. Resolute Advisors LLC now owns 1,161 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 98 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its holdings in shares of Waste Management by 5.7% in the first quarter. Cassaday & Co Wealth Management LLC now owns 2,535 shares of the business services provider’s stock worth $583,000 after acquiring an additional 137 shares during the last quarter. MWA Asset Management lifted its stake in shares of Waste Management by 12.7% during the first quarter. MWA Asset Management now owns 5,403 shares of the business services provider’s stock valued at $1,242,000 after buying an additional 609 shares during the period. Finally, Alpha Zero LLC boosted its stake in Waste Management by 33.2% in the 1st quarter. Alpha Zero LLC now owns 1,642 shares of the business services provider’s stock worth $377,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price target on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Robert W. Baird boosted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Wells Fargo & Company cut their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce raised shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price target for the company in a research note on Tuesday, July 7th. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $256.74.

Waste Management Trading Up 1.5%

Shares of NYSE WM opened at $236.69 on Thursday. The business has a 50-day moving average price of $223.42 and a two-hundred day moving average price of $226.86. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The firm has a market capitalization of $95.05 billion, a PE ratio of 34.25, a PEG ratio of 2.84 and a beta of 0.44. 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 issued its earnings results 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 net margin of 10.99% and a return on equity of 31.90%. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business posted $1.67 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. Waste Management’s dividend payout ratio is currently 54.70%.

More Waste Management News

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

• Positive Sentiment: A Seeking Alpha piece highlighted Waste Management as a defensive name with a positive outlook, suggesting investors may still view WM as a stable anchor in uncertain markets. Waste Management: Positive Outlook As Defensive Anchor Remains
• Neutral Sentiment: Analysts said WM’s earnings are expected to grow, but also noted the stock may not have the setup for a clear earnings beat, which keeps expectations balanced ahead of the next report. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Another earnings preview from Zacks struck a similar tone, saying investors should be prepared for growth but not necessarily a strong upside surprise. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: WM fell as the broader market moved higher, indicating some near-term profit-taking or relative weakness versus the market. Waste Management (WM) Stock Sinks As Market Gains: What You Should Know
• Negative Sentiment: A local report said Waste Management will end service in a Centre County township, which could slightly weigh on sentiment even if the business impact is limited. Waste Management to end service in a Centre County township

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.