Dai ichi Life Insurance Company Ltd Cuts Stake in Waste Management, Inc. $WM

Dai ichi Life Insurance Company Ltd lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,472 shares of the business services provider’s stock after selling 3,849 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Waste Management were worth $18,492,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WM. Elevated Capital Advisors LLC purchased a new stake in shares of Waste Management during the 4th quarter worth approximately $25,000. RHL Group LLC bought a new position in Waste Management during the fourth quarter valued at $29,000. Financial Network Wealth Advisors LLC increased its position in Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after buying an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of Waste Management in the fourth quarter valued at $29,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Waste Management during the 3rd quarter valued at $30,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.7%

WM opened at $238.86 on Friday. The company has a fifty day moving average price of $224.17 and a 200-day moving average price of $227.08. The firm has a market capitalization of $95.92 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 2.89 and a beta of 0.44. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 earnings per share. Equities research analysts expect that Waste Management, Inc. will post 8.16 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Trending Headlines about Waste Management

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

• Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know
• Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade
• Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth
• Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges

Analysts Set New Price Targets

Several brokerages recently weighed in on WM. Royal Bank Of Canada lifted their price objective on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Wells Fargo & Company dropped their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. TD Cowen raised their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Scotiabank lifted their price target on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, July 16th. Finally, Citigroup increased their price objective on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Fifteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $256.74.

Waste Management 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.