2,971 Shares in Waste Management, Inc. $WM Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Waste Management, Inc. (NYSE:WM) in the second quarter, HoldingsChannel reports. The fund bought 2,971 shares of the business services provider’s stock, valued at approximately $662,000.

Several other large investors also recently modified their holdings of WM. Financial Network Wealth Advisors LLC grew its position 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 valued at $29,000 after purchasing an additional 47 shares during the period. RHL Group LLC acquired a new stake in Waste Management during the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in Waste Management during the 4th quarter worth approximately $29,000. JPL Wealth Management LLC bought a new position in Waste Management in the third quarter valued at approximately $30,000. Finally, Main Street Group LTD acquired a new position in shares of Waste Management in the first quarter valued at approximately $31,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Trading Up 1.0%

Shares of NYSE:WM opened at $219.88 on Friday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market capitalization of $87.89 billion, a P/E ratio of 31.14, a price-to-earnings-growth ratio of 2.77 and a beta of 0.44. The company has a 50-day simple moving average of $228.60 and a 200 day simple moving average of $227.62.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The business had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the business posted $1.92 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts forecast that Waste Management, Inc. will post 8.13 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management’s dividend payout ratio is presently 53.54%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Canadian Imperial Bank of Commerce downgraded Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Oppenheimer cut their price target on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Barclays lifted their target price on Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $258.89.

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.