3,930 Waste Management, Inc. $WM Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its position in Waste Management, Inc. (NYSE:WM) by 38.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,127 shares of the business services provider’s stock after buying an additional 3,930 shares during the period. E. Ohman J or Asset Management AB’s holdings in Waste Management were worth $2,881,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WM. BlackRock Inc. increased its position in Waste Management by 1.8% during the second quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock worth $6,849,981,000 after purchasing an additional 535,079 shares during the last quarter. State Street Corp lifted its position in Waste Management by 2.9% during the second quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock valued at $4,013,831,000 after buying an additional 507,209 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Waste Management by 1.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,121,427 shares of the business services provider’s stock valued at $695,704,000 after acquiring an additional 35,322 shares during the period. Swedbank AB boosted its position in Waste Management by 17.0% during the 1st quarter. Swedbank AB now owns 2,392,868 shares of the business services provider’s stock worth $549,857,000 after purchasing an additional 348,183 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Waste Management by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,320,966 shares of the business services provider’s stock valued at $533,340,000 after buying an additional 26,847 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO John Carroll sold 1,365 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the transaction, the chief accounting officer owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. The trade was a 28.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Waste Management Price Performance

NYSE WM opened at $238.67 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The stock has a market capitalization of $95.40 billion, a P/E ratio of 33.81, a P/E/G ratio of 2.93 and a beta of 0.42. The business’s fifty day moving average is $216.58 and its two-hundred day moving average is $222.21.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. The company had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%. During the same quarter in the previous year, the business posted $1.92 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts forecast that Waste Management, Inc. will post 8.09 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $0.9450 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s payout ratio is currently 53.54%.

Analyst Ratings Changes

WM has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Royal Bank Of Canada increased their target price on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Barclays increased their price target on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, UBS Group lifted their price objective on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $256.06.

Waste Management Company Profile

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.