PensionDanmark Pensionsforsikringsaktieselskab Has $16.65 Million Position in Waste Management, Inc. $WM

Key Points

• PensionDanmark increased its Waste Management position by 7.1% in the second quarter, bringing its holdings to 74,698 shares valued at approximately $16.65 million. Institutional investors collectively own 80.4% of the company.
• Waste Management exceeded quarterly EPS expectations, reporting $2.02 versus the $1.98 consensus estimate, while revenue rose 4% year over year to $6.68 billion but fell slightly short of forecasts.
• Analysts maintain a “Moderate Buy” consensus, with 13 Buy ratings and seven Holds and an average price target of $258.89, compared with the stock’s reported price of $227.74. The company also pays an annualized dividend of $3.78, yielding 1.7%.

PensionDanmark Pensionsforsikringsaktieselskab raised its position in Waste Management, Inc. (NYSE:WM - Free Report) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,698 shares of the business services provider's stock after buying an additional 4,975 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Waste Management were worth $16,649,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $25,000. Financial Network Wealth Advisors LLC increased its stake in 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 worth $29,000 after acquiring an additional 47 shares during the period. RHL Group LLC acquired a new position in Waste Management in the 4th quarter valued at $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Waste Management during the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Waste Management in the third quarter worth $30,000. Institutional investors own 80.40% of the company's stock.

Waste Management Stock Performance

Shares of WM stock opened at $227.74 on Friday. The stock has a market capitalization of $91.03 billion, a PE ratio of 32.26, a PEG ratio of 2.81 and a beta of 0.44. The business's 50 day simple moving average is $226.69 and its 200 day simple moving average is $227.87. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the business earned $1.92 EPS. The company's revenue was up 4.0% compared to the same quarter last year. As a group, research analysts forecast that Waste Management, Inc. will post 8.14 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management's payout ratio is presently 53.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WM shares. Weiss Ratings downgraded shares of Waste Management from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Stifel Nicolaus increased their price target on shares of Waste Management from $252.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Robert W. Baird lifted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, April 16th. Royal Bank Of Canada upped their target price 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. Finally, UBS Group lifted their price target on Waste Management from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Waste Management has an average rating of "Moderate Buy" and an average price target 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.

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