Nykredit A S Invests $30.97 Million in Waste Management, Inc. $WM

Nykredit A S purchased a new stake in Waste Management, Inc. (NYSE:WMFree Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 138,943 shares of the business services provider’s stock, valued at approximately $30,968,000.

Other large investors have also modified their holdings of the company. Physician Wealth Advisors Inc. boosted its stake in Waste Management by 10.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 485 shares of the business services provider’s stock worth $111,000 after purchasing an additional 45 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in Waste Management by 0.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,348 shares of the business services provider’s stock worth $1,395,000 after acquiring an additional 46 shares during the last quarter. Cornerstone Advisory LLC lifted its position in Waste Management by 1.6% during the 1st quarter. Cornerstone Advisory LLC now owns 2,973 shares of the business services provider’s stock worth $683,000 after acquiring an additional 46 shares during the period. Coordinated Financial Services Inc. increased its holdings in shares of Waste Management by 3.5% in the fourth quarter. Coordinated Financial Services Inc. now owns 1,386 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 47 shares during the period. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 1.0%

Shares of NYSE:WM opened at $211.16 on Friday. The firm has a market capitalization of $84.40 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.69 and a beta of 0.42. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The firm’s 50-day moving average is $225.66 and its two-hundred day moving average is $225.96.

Waste Management (NYSE:WMGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 EPS. Analysts predict that Waste Management, Inc. will post 8.13 EPS for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, September 11th. Waste Management’s dividend payout ratio (DPR) is 53.54%.

Insider Buying and Selling

In other Waste Management news, CAO John Carroll sold 1,365 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $219.90, for a total value of $300,163.50. Following the completion of the transaction, the chief accounting officer owned 3,509 shares in the company, valued at $771,629.10. This represents a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Key Waste Management News

Here are the key news stories impacting Waste Management this week:

  • Positive Sentiment: Investors purchased 3,004 WM call options, approximately 50% above the typical volume of 2,000 contracts. The activity indicates increased speculative interest in potential upside, although options trading alone is not a fundamental catalyst.
  • Positive Sentiment: Waste Management was highlighted as a reliable-income stock alongside companies from other industries. The article points to the company’s appeal as a relatively defensive business for investors prioritizing consistent cash returns over high yield. 5 Stocks, 5 Different Industries, 1 Thing in Common: Reliable Income
  • Neutral Sentiment: Wolfe Research initiated coverage of Waste Management. No analyst rating or price target was provided, so the immediate valuation impact is unclear, though new coverage could improve investor attention.
  • Negative Sentiment: Waste Management Vice President Carroll sold 1,365 shares valued at approximately $300,000, representing 15% of his previous equity stake. He still owns 7,729 shares worth about $1.69 million, limiting the significance of the transaction but making it a modest negative sentiment signal. Insider Alert: WM VP Sells 1,365 Shares for $300,000

Analyst Ratings Changes

Several analysts have commented on the stock. Wolfe Research initiated coverage on shares of Waste Management in a research note on Tuesday. They set a “peer perform” rating for the company. Royal Bank Of Canada increased their price objective on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Citigroup boosted their target price on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Stifel Nicolaus upped their price target on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce downgraded Waste Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.89.

Read Our Latest Report on Waste Management

Waste Management Company Profile

(Free Report)

WM, Inc, formerly known as Waste Management, Inc, is an environmental services company that provides waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, helping manage everyday refuse as well as certain specialized waste streams.

Its operations include curbside and commercial waste collection, transfer stations, recycling facilities, landfills and waste-related energy services. WM also develops renewable natural gas and electricity projects that capture landfill gas for use as an energy source.

Further Reading

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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