Various institutional investors have updated their stakes in Waste Management. Sustainable Growth Advisers LP added about $300.6 million to their investment, while Capital World Investors increased theirs by 44.6% to a total of approximately $901 million. Swedbank AB also acquired shares worth about $193.9 million. Wulff Hansen & CO. made a significant increase of 20,402.6%, now holding shares valued at $185.2 million. Additionally, AMF Tjanstepension AB raised its position by 85.6%, bringing its value to $333.2 million. Overall, 80.40% of Waste Management’s stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Recent analyst ratings for Waste Management (WM) include:
– Robert W. Baird lowered their target from $226.00 to $216.00 with a neutral rating.
– Truist Financial cut their target from $240.00 to $235.00, maintaining a buy rating.
– BMO Capital Markets adjusted their target from $215.00 to $213.00 and set a market perform rating.
– CIBC also dropped their target from $223.00 to $213.00 with a neutral rating.
Most analysts rate WM as a Moderate Buy with an average target of $215.83.
View Our Latest Analysis on WM
Waste Management Trading Down 0.3%
On Thursday, WM traded at $207.32. The company has a market cap of $83.20 billion, a P/E ratio of 33.93, and a beta of 0.74. Their 50-day and 200-day moving averages are $206.34 and $208.57, respectively, with a debt-to-equity ratio of 2.21. For the fiscal year, analysts expect an EPS of 7.24, following a quarter where they reported an EPS of $1.82, matching estimates.
Waste Management Dividend Announcement
Waste Management paid a quarterly dividend of $0.75 on September 27th, representing an annual yield of 1.45%. The payout ratio stands at 49.10%.
Insider Buying and Selling
On July 16th, VP Michael J. Watson sold 1,500 shares for a total of $330,000. He now holds 44,144 shares valued at about $9.71 million. Insiders own 0.18% of the stock.
About Waste Management
Waste Management provides environmental solutions to residential, commercial, industrial, and municipal customers across the U.S. and Canada, including waste collection and landfill operations.
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