Waste Management, Inc. $WM Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in Waste Management, Inc. (NYSE:WM) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 189,765 shares of the business services provider’s stock after acquiring an additional 2,125 shares during the period. Handelsbanken Fonder AB’s holdings in Waste Management were worth $43,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WM. McAdam LLC lifted its position in Waste Management by 3.1% during the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after buying an additional 44 shares during the period. Syntegra Private Wealth Group LLC grew its holdings in Waste Management by 2.0% in the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock valued at $524,000 after buying an additional 44 shares during the period. Harbour Trust & Investment Management Co increased its stake in shares of Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after acquiring an additional 45 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Waste Management by 3.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock worth $349,000 after acquiring an additional 46 shares during the period. Finally, KWB Wealth boosted its position in shares of Waste Management by 1.3% in the second quarter. KWB Wealth now owns 3,607 shares of the business services provider’s stock worth $835,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the transaction, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.0%

Shares of WM opened at $216.71 on Friday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58. The stock’s 50-day moving average is $212.34 and its two-hundred day moving average is $223.75. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82. The stock has a market cap of $87.31 billion, a PE ratio of 34.13, a P/E/G ratio of 2.51 and a beta of 0.62.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. Waste Management’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. Equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WM shares. Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $238.00 to $242.00 in a research note on Tuesday, November 4th. National Bankshares cut their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. William Blair reissued an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. JPMorgan Chase & Co. cut their price objective on Waste Management from $277.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Finally, Weiss Ratings raised Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.25.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.