Danica Pension Livsforsikringsaktieselskab Makes New $11.86 Million Investment in Waste Management, Inc. $WM

Danica Pension Livsforsikringsaktieselskab acquired a new stake in Waste Management, Inc. (NYSE:WM) in the first quarter, HoldingsChannel reports. The institutional investor acquired 51,606 shares of the business services provider’s stock, valued at approximately $11,859,000.

Several other large investors also recently modified their holdings of WM. Oslo Pensjonsforsikring AS purchased a new stake in shares of Waste Management during the first quarter worth about $419,000. Burling Wealth Partners LLC boosted its holdings in Waste Management by 3.3% in the first quarter. Burling Wealth Partners LLC now owns 29,708 shares of the business services provider’s stock valued at $6,827,000 after purchasing an additional 951 shares during the last quarter. Andra AP fonden acquired a new stake in Waste Management during the 1st quarter valued at approximately $4,178,000. Madison Asset Management LLC increased its holdings in Waste Management by 34.9% during the 1st quarter. Madison Asset Management LLC now owns 4,419 shares of the business services provider’s stock worth $1,015,000 after purchasing an additional 1,144 shares during the last quarter. Finally, Resolute Advisors LLC raised its position in shares of Waste Management by 9.2% in the 1st quarter. Resolute Advisors LLC now owns 1,161 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 98 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WM has been the subject of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Barclays raised their price objective on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada increased their price target on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.74.

Trending Headlines about Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Seeking Alpha says Waste Management remains a defensive holding with a positive outlook, which may support investor confidence in the stock’s long-term stability. Waste Management: Positive Outlook As Defensive Anchor Remains
• Neutral Sentiment: Analysts are expecting earnings growth from Waste Management, but current setup suggests the company may not have the ideal ingredients for an earnings beat in the upcoming report. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Another earnings preview noted that Waste Management is expected to post higher profits, but revenue and beat expectations remain uncertain, keeping sentiment mixed ahead of results. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: MarketBeat and Zacks both highlighted that WM fell as the broader market advanced, suggesting recent weakness may reflect profit-taking or relative underperformance rather than a company-specific catalyst. Waste Management (WM) Stock Sinks As Market Gains: What You Should Know
• Negative Sentiment: Waste Management also announced it will end service in a Centre County township, a local operational change that may be viewed negatively by some investors, though the financial impact appears limited. Waste Management to end service in a Centre County township

Waste Management Stock Performance

Waste Management stock opened at $232.94 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The company has a fifty day moving average price of $223.01 and a two-hundred day moving average price of $226.74. The company has a market cap of $93.55 billion, a PE ratio of 33.71, a P/E/G ratio of 2.91 and a beta of 0.44.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $6.28 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Research analysts expect that Waste Management, Inc. will post 8.16 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is currently 54.70%.

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.