Lansforsakringar Fondforvaltning AB publ grew its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 29.1% during the first quarter, Holdings Channel.com reports. The firm owned 170,523 shares of the business services provider’s stock after buying an additional 38,440 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Waste Management were worth $39,184,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in WM. Elevated Capital Advisors LLC acquired a new position in Waste Management in the 4th quarter valued at approximately $25,000. RHL Group LLC acquired a new stake in shares of Waste Management during the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC grew its holdings in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of Waste Management in the fourth quarter worth $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Waste Management during the third quarter worth $30,000. 80.40% of the stock is owned by hedge funds and other institutional investors.
Waste Management Price Performance
Shares of NYSE:WM opened at $223.42 on Tuesday. The stock has a market capitalization of $89.72 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.36 and a beta of 0.45. The business has a 50-day moving average of $220.18 and a two-hundred day moving average of $225.09. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89.
Waste Management Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is currently 54.70%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on WM shares. Wolfe Research started coverage on Waste Management in a research note on Friday, March 13th. They issued a “peer perform” rating on the stock. Robert W. Baird lifted their price target on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Wells Fargo & Company cut their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.
About Waste Management
Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.
Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.
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