Several institutional investors have changed their stakes in Waste Management. Sustainable Growth Advisers LP invested around $300.59 million in Q1. Capital World Investors increased their holdings by 44.6%, owning over $900.96 million worth of shares. Swedbank AB also entered a new position valued at about $193.96 million. Wulff Hansen & CO. increased their holdings by 20,402.6% in Q2, now worth $185.20 million. Additionally, AMF Tjanstepension AB raised their stake by 85.6%. Institutional investors own 80.40% of the company.
Analyst Rating Updates
Recently, analysts provided mixed reviews on Waste Management (WM). Robert W. Baird lowered their target price from $226 to $216 and maintains a neutral rating. Truist Financial decreased their target from $240 to $235 with a buy rating. As of now, 11 analysts rate it a hold, 8 a buy, and 2 a strong buy. The average target price is $215.83.
View Our Latest Analysis on WM
Current Trading Status
WM stock opened at $207.32 with a market cap of $83.20 billion. Key metrics include a P/E ratio of 33.93 and a 52-week low of $149.71 and a high of $225.00. Waste Management reported $1.82 EPS for Q2, meeting analyst expectations. Revenue was $5.40 billion, a 5.5% increase year-over-year.
Dividend Announcement
Waste Management recently paid a quarterly dividend of $0.75 on September 27. The annualized dividend is $3.00, yielding 1.45%.
Insider Transactions
VP Michael J. Watson sold 1,500 shares at $220.00, totaling $330,000. He now owns 44,144 shares valued at $9.71 million. Insiders own 0.18% of the stock.
About Waste Management
Waste Management provides environmental services in the U.S. and Canada, including waste collection and landfill management.
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