Danica Pension Livsforsikringsaktieselskab Makes New Investment in Waste Management, Inc. $WM

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Waste Management, Inc. (NYSE:WM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 51,606 shares of the business services provider’s stock, valued at approximately $11,859,000.

Several other large investors have also modified their holdings of the stock. Oslo Pensjonsforsikring AS acquired a new position in Waste Management during the first quarter worth approximately $419,000. Burling Wealth Partners LLC boosted its holdings in shares of Waste Management by 3.3% in the 1st quarter. Burling Wealth Partners LLC now owns 29,708 shares of the business services provider’s stock valued at $6,827,000 after purchasing an additional 951 shares during the last quarter. Andra AP fonden purchased a new stake in shares of Waste Management during the 1st quarter valued at $4,178,000. Madison Asset Management LLC increased its holdings in shares of Waste Management by 34.9% during the 1st quarter. Madison Asset Management LLC now owns 4,419 shares of the business services provider’s stock worth $1,015,000 after buying an additional 1,144 shares during the last quarter. Finally, Resolute Advisors LLC raised its position in shares of Waste Management by 9.2% in the 1st quarter. Resolute Advisors LLC now owns 1,161 shares of the business services provider’s stock worth $267,000 after buying an additional 98 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank Of Canada lifted their target price on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on 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 raised Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price objective on the stock in a research note on Tuesday, July 7th. Citigroup boosted their target price on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Barclays increased their target price on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $256.74.

Waste Management News Summary

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

• Positive Sentiment: Seeking Alpha says Waste Management remains a defensive holding with a positive outlook, which may support investor confidence in the stock’s long-term stability. Waste Management: Positive Outlook As Defensive Anchor Remains
• Neutral Sentiment: Analysts are expecting earnings growth from Waste Management, but current setup suggests the company may not have the ideal ingredients for an earnings beat in the upcoming report. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Another earnings preview noted that Waste Management is expected to post higher profits, but revenue and beat expectations remain uncertain, keeping sentiment mixed ahead of results. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: MarketBeat and Zacks both highlighted that WM fell as the broader market advanced, suggesting recent weakness may reflect profit-taking or relative underperformance rather than a company-specific catalyst. Waste Management (WM) Stock Sinks As Market Gains: What You Should Know
• Negative Sentiment: Waste Management also announced it will end service in a Centre County township, a local operational change that may be viewed negatively by some investors, though the financial impact appears limited. Waste Management to end service in a Centre County township

Waste Management Stock Down 2.6%

Shares of NYSE WM opened at $232.94 on Wednesday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a market cap of $93.55 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.91 and a beta of 0.44. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock has a fifty day moving average price of $223.01 and a 200 day moving average price of $226.74.

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

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s payout ratio is 54.70%.

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.