PensionDanmark Pensionsforsikringsaktieselskab Acquires 4,975 Shares of Waste Management, Inc. $WM

PensionDanmark Pensionsforsikringsaktieselskab increased its stake in Waste Management, Inc. (NYSE:WM) by 7.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 74,698 shares of the business services provider’s stock after purchasing an additional 4,975 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Waste Management were worth $16,649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Elevated Capital Advisors LLC acquired a new position in shares of Waste Management during the fourth quarter valued at about $25,000. RHL Group LLC acquired a new stake in shares of Waste Management in the 4th quarter valued at about $29,000. Financial Network Wealth Advisors LLC increased its position in 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 buying an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC bought a new position in Waste Management in the third quarter worth approximately $30,000. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Down 0.6%

Shares of NYSE:WM opened at $227.74 on Friday. The business’s 50 day moving average is $226.69 and its 200 day moving average is $227.87. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The stock has a market cap of $91.03 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.81 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the firm posted $1.92 EPS. Waste Management’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders 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 annualized dividend and a dividend yield of 1.7%. Waste Management’s dividend payout ratio is currently 53.54%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WM shares. Citigroup upped their target price on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. TD Cowen boosted their price target on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Canadian Imperial Bank of Commerce lowered shares of Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Finally, Robert W. Baird boosted their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus 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.