Dai ichi Life Insurance Company Ltd reduced its stake in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 4.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 80,472 shares of the business services provider’s stock after selling 3,849 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Waste Management were worth $18,492,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Waste Management during the fourth quarter worth about $1,022,916,000. Corient Private Wealth LLC increased its position in shares of Waste Management by 279.0% during the 4th quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock valued at $236,387,000 after purchasing an additional 792,037 shares during the last quarter. Diamant Asset Management Inc. raised its holdings in shares of Waste Management by 23,051.5% during the 1st quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after buying an additional 767,615 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Waste Management by 3,209.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock worth $150,466,000 after buying an additional 660,776 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Waste Management by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock worth $8,566,508,000 after buying an additional 553,605 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.
Wall Street Analyst Weigh In
WM has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Citigroup upped their price objective on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce upgraded shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price on the stock in a research report on Tuesday, July 7th. Scotiabank boosted their price target on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Finally, Robert W. Baird upped their price target on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $256.74.
Waste Management Stock Performance
NYSE:WM opened at $238.86 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The firm has a market cap of $95.92 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 2.89 and a beta of 0.44. The business has a 50 day moving average price of $224.17 and a 200-day moving average price of $227.08.
Waste Management (NYSE:WM – Get Free Report) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts predict that Waste Management, Inc. will post 8.16 earnings per share for the current year.
Waste Management Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio is 54.70%.
Key Stories Impacting Waste Management
Here are the key news stories impacting Waste Management this week:
- Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know
- Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade
- Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth
- Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
- Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges
Waste Management Profile
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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