Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 2,324 Shares of Waste Management, Inc. (WM)
Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Waste Management, Inc. (NYSE:WM) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,996 shares of the business services provider’s stock after buying an additional 2,324 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Waste Management were worth $5,166,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Waste Management by 5.0% in the second quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock valued at $2,521,397,000 after buying an additional 1,621,347 shares during the period. BlackRock Inc. increased its stake in shares of Waste Management by 4.9% in the second quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock valued at $2,320,637,000 after buying an additional 1,475,583 shares during the period. State Street Corp increased its stake in shares of Waste Management by 0.6% in the first quarter. State Street Corp now owns 21,287,562 shares of the business services provider’s stock valued at $1,552,295,000 after buying an additional 134,152 shares during the period. AQR Capital Management LLC increased its stake in shares of Waste Management by 10.2% in the first quarter. AQR Capital Management LLC now owns 5,614,368 shares of the business services provider’s stock valued at $409,399,000 after buying an additional 518,270 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Waste Management by 7,400.8% during the second quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock worth $316,712,000 after purchasing an additional 4,260,260 shares during the period. 76.48% of the stock is owned by institutional investors.
Several equities research analysts recently commented on WM shares. Zacks Investment Research cut Waste Management from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 target price on shares of Waste Management in a research note on Friday, October 13th. KeyCorp reaffirmed a “buy” rating and set a $88.00 target price on shares of Waste Management in a research note on Friday, October 27th. Bank of America Corporation decreased their target price on Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Finally, Credit Suisse Group set a $90.00 target price on Waste Management and gave the stock a “buy” rating in a research note on Monday, October 30th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $81.81.
Shares of Waste Management, Inc. (NYSE WM) traded down $0.03 during trading hours on Friday, reaching $81.70. The company’s stock had a trading volume of 2,141,200 shares, compared to its average volume of 1,669,777. The company has a market capitalization of $35,488.49, a price-to-earnings ratio of 26.20, a P/E/G ratio of 2.65 and a beta of 0.76. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60. Waste Management, Inc. has a 1-year low of $68.42 and a 1-year high of $82.87.
Waste Management (NYSE:WM) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. equities research analysts expect that Waste Management, Inc. will post 3.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.08%. Waste Management’s dividend payout ratio is presently 54.84%.
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Waste Management Company Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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