Lansforsakringar Fondforvaltning AB publ Decreases Stock Holdings in Waste Management, Inc. $WM

Key Points

• Lansforsakringar Fondforvaltning AB has reduced its holdings in Waste Management, Inc. by 4.1%, owning approximately 130,935 shares valued at about $30.3 million after the sale.
• Several institutional investors have increased their stakes in Waste Management, with notable boosts from Brighton Jones LLC (+51.1%) and Golden State Wealth Management LLC (+41.7%).
• Waste Management reported a quarterly earnings per share of $1.92, exceeding expectations, alongside a revenue increase of 19% year-over-year, totaling $6.43 billion.

Lansforsakringar Fondforvaltning AB publ trimmed its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,935 shares of the business services provider's stock after selling 5,543 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Waste Management were worth $30,313,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Ameriprise Financial Inc. increased its holdings in Waste Management by 30.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider's stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares during the period. Northern Trust Corp grew its position in shares of Waste Management by 1.8% in the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider's stock worth $941,709,000 after buying an additional 70,907 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Waste Management by 7.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,633,710 shares of the business services provider's stock valued at $531,456,000 after buying an additional 177,398 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Waste Management by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider's stock valued at $570,108,000 after acquiring an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Waste Management by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider's stock valued at $505,137,000 after acquiring an additional 29,715 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Up 0.9%

Shares of Waste Management stock traded up $2.11 during midday trading on Monday, hitting $226.69. The company had a trading volume of 1,527,535 shares, compared to its average volume of 1,640,870. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market capitalization of $91.32 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.78 and a beta of 0.64. The company has a 50 day moving average of $228.48 and a 200 day moving average of $229.80.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.37 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management's dividend payout ratio (DPR) is 48.96%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WM. CIBC upped their price objective on shares of Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $229.00 price target on shares of Waste Management in a research note on Thursday, June 26th. Melius Research raised Waste Management to a "strong-buy" rating and set a $263.00 price objective on the stock in a research report on Monday, June 9th. National Bank Financial raised Waste Management to a "hold" rating in a research report on Monday, May 26th. Finally, Melius initiated coverage on Waste Management in a research report on Monday, June 9th. They set a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Waste Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.35.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.