Livforsakringsbolaget Skandia Omsesidigt Invests $662,000 in Waste Management, Inc. $WM

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Waste Management, Inc. (NYSE:WM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,971 shares of the business services provider’s stock, valued at approximately $662,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC boosted its stake in shares of Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 47 shares in the last quarter. RHL Group LLC acquired a new stake in shares of Waste Management during the 4th quarter worth about $29,000. Mcguire Capital Advisors Inc. bought a new position in Waste Management during the 4th quarter valued at about $29,000. JPL Wealth Management LLC acquired a new position in Waste Management in the third quarter valued at about $30,000. Finally, Main Street Group LTD acquired a new position in Waste Management in the first quarter valued at about $31,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 1.0%

NYSE:WM opened at $219.88 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The stock’s fifty day simple moving average is $228.60 and its 200-day simple moving average is $227.62. The firm has a market capitalization of $87.89 billion, a P/E ratio of 31.14, a P/E/G ratio of 2.77 and a beta of 0.44.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the firm posted $1.92 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts expect that Waste Management, Inc. will post 8.13 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.945 per share. The ex-dividend date is Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s payout ratio is currently 53.54%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WM. Canadian Imperial Bank of Commerce lowered Waste Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada boosted their price objective on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Stifel Nicolaus raised their target price on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. UBS Group lifted their price target on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Scotiabank increased their price objective on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.89.

Waste Management Company 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.