Waste Management, Inc. $WM Shares Bought by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 29.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 170,523 shares of the business services provider’s stock after purchasing an additional 38,440 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Waste Management were worth $39,184,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after acquiring an additional 2,320 shares during the period. Sprott Inc. acquired a new stake in Waste Management in the first quarter worth approximately $325,000. Sei Investments Co. boosted its stake in Waste Management by 8.0% during the 2nd quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock valued at $62,339,000 after purchasing an additional 20,122 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Waste Management by 68.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock valued at $83,843,000 after purchasing an additional 148,590 shares during the period. Finally, Glenview Trust co raised its stake in shares of Waste Management by 5.1% in the 2nd quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock worth $764,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Robert W. Baird lifted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Barclays boosted their target price on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, TD Cowen raised their target price on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Trading Down 0.9%

NYSE:WM opened at $223.42 on Tuesday. The stock has a fifty day simple moving average of $220.18 and a 200 day simple moving average of $225.09. The firm has a market capitalization of $89.72 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 2.36 and a beta of 0.45. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio is 54.70%.

About Waste Management

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.