Several institutional investors have changed their stakes in Waste Management. Sustainable Growth Advisers LP invested about $300.6 million in Q1. Capital World Investors increased their stake by 44.6%, owning now 4.2 million shares valued at $901 million. Swedbank AB also entered a position worth $194 million. Wulff Hansen & CO. raised its stake by over 20,400% this quarter, owning 868,080 shares worth $185.2 million. Lastly, AMF Tjanstepension AB increased its stake by 85.6% and owns 1.56 million shares valued at $333.2 million. Institutional investors hold 80.4% of the stock.
Analyst Ratings Changes
Analysts recently adjusted their ratings for WM shares. Robert W. Baird lowered their price target from $226 to $216 and gave a neutral rating. Erste Group Bank restated a hold rating. Truist Financial reduced their target from $240 to $235 and maintained a buy rating. BMO Capital Markets decreased their target from $215 to $213 with a market perform rating. CIBC also cut their target from $223 to $213 with a neutral rating. Currently, 11 analysts rate it as hold, 8 as buy, and 2 as strong buy, with an average price target of $215.83.
View Our Latest Analysis on WM
Waste Management Trading Update
NYSE:WM opened at $207.32. The company has a market cap of $83.2 billion, P/E ratio of 33.93, and a debt-to-equity ratio of 2.21. Its 50-day moving average is $206.34, and its 200-day moving average is $208.57. Waste Management’s stock has a 52-week range from $149.71 to $225.00.
In their latest quarterly report on July 24, Waste Management reported an EPS of $1.82, matching estimates, with revenue of $5.4 billion, slightly below the expected $5.43 billion. Year-over-year, revenue rose 5.5%. Analysts expect an EPS of $7.24 for the ongoing fiscal year.
Dividend Announcement
The company declared a quarterly dividend of $0.75, paid on September 27 to holders on record as of September 13. This translates to an annual dividend of $3.00 and a yield of 1.45%. The payout ratio stands at 49.1%.
Insider Transactions
In other news, VP Michael J. Watson sold 1,500 shares on July 16 at $220 each for $330,000. He now owns 44,144 shares worth nearly $9.7 million. Insiders hold 0.18% of the stock.
About Waste Management
Waste Management, Inc. provides environmental solutions across residential, commercial, industrial, and municipal sectors in the U.S. and Canada. Services include waste collection and disposal, operating landfill facilities and material recovery facilities.
Featured Articles
- Five stocks we like better than Waste Management
- What is Insider Trading? What You Can Learn from Insider Trading
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- Business Services Stocks Investing
- Nikes Post-Earnings Drop Presents a Buying Opportunity
- Investing in Commodities: What Are They? How to Invest in Them
- Microsofts Targeted Upside Might Be Too Good to Ignore
Receive News & Ratings for Waste Management Daily – Enter your email below to get daily updates on Waste Management and related companies from MarketBeat.com’s FREE newsletter.
`
