Several institutional investors have adjusted their holdings in Waste Management. Sustainable Growth Advisers LP bought a stake worth about $300.6 million. Capital World Investors increased their position by 44.6%, now holding over $900 million in shares. Swedbank AB acquired a new stake valued at approximately $194 million. Wulff Hansen & CO. significantly raised their holdings by over 20,400%, and AMF Tjanstepension AB increased theirs by 85.6%. Overall, 80.4% of the shares are owned by institutional investors.
Analyst Ratings Changes
Recent ratings include a price reduction by Robert W. Baird from $226 to $216, with a “neutral” rating. Other firms like Truist Financial and BMO Capital Markets also lowered their price targets. Currently, the consensus rating is “Moderate Buy” with an average price target of $215.83.
View Our Latest Analysis on WM
Waste Management Trading Update
The stock opened at $207.32 on Thursday with a market cap of $83.20 billion. It has a P/E ratio of 33.93. The stock’s 52-week range is $149.71 to $225.00. Last quarter, the company reported EPS of $1.82, matching estimates, and quarterly revenue of $5.40 billion, slightly below expectations.
Dividend Announcement
Waste Management recently paid a quarterly dividend of $0.75 to shareholders of record from September 13, translating to an annual yield of 1.45%.
Insider Trading
VP Michael J. Watson sold 1,500 shares at $220 each, totaling $330,000. Insiders own about 0.18% of the stock.
About Waste Management
Waste Management, Inc. offers environmental services in the U.S. and Canada, including waste collection and landfill operations.
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