Waste Management, Inc. $WM Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co increased its position in shares of Waste Management, Inc. (NYSE:WM) by 62.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,000 shares of the business services provider’s stock after acquiring an additional 25,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Waste Management were worth $15,048,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Ascent Group LLC grew its stake in shares of Waste Management by 0.6% in the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock valued at $1,520,000 after acquiring an additional 44 shares in the last quarter. Insight Wealth Strategies LLC lifted its holdings in shares of Waste Management by 0.4% in the first quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock worth $2,698,000 after acquiring an additional 44 shares during the last quarter. Stonebridge Financial Group LLC lifted its holdings in shares of Waste Management by 3.0% in the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock worth $355,000 after acquiring an additional 45 shares during the last quarter. Formidable Asset Management LLC lifted its holdings in shares of Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock worth $536,000 after acquiring an additional 45 shares during the last quarter. Finally, KRS Capital Management LLC raised its holdings in Waste Management by 3.1% in the 1st quarter. KRS Capital Management LLC now owns 1,548 shares of the business services provider’s stock valued at $358,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on WM. Raymond James Financial raised their price target on shares of Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. BMO Capital Markets lifted their price target on shares of Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research report on Wednesday, July 30th. Melius Research raised shares of Waste Management to a “strong-buy” rating and set a $263.00 price objective on the stock in a report on Monday, June 9th. Melius initiated coverage on shares of Waste Management in a report on Monday, June 9th. They set a “buy” rating for the company. Finally, CIBC lifted their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $254.35.

Waste Management Stock Performance

Shares of WM stock opened at $219.15 on Wednesday. The stock has a fifty day moving average of $227.46 and a 200 day moving average of $229.53. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The firm has a market capitalization of $88.28 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.69 and a beta of 0.64. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.03. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.825 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Waste Management Company 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.