2 weeks Ago By Defense World Staff
Legal & General Group Plc boosted its stake in Waste Management, Inc. ( NYSE:WM – Free Report ) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm owned 3,846,152 shares of the business services provider’s stock after buying an additional 243,900 shares during the period. Legal & General Group Plc owned approximately 0.96% of Waste Management worth $820,539,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. MBB Public Markets I LLC boosted its position in shares of Waste Management by 1,798.6% during the 2nd quarter.
MBB Public Markets I LLC now owns 28,897 shares of the business services provider’s stock worth $6,165,000 after purchasing an additional 27,375 shares during the period. Daymark Wealth Partners LLC lifted its stake in Waste Management by 21.6% during the second quarter.
Daymark Wealth Partners LLC now owns 5,556 shares of the business services provider’s stock worth $1,185,000 after purchasing an additional 988 shares in the last quarter. Employees Retirement System of Texas grew its stake in shares of Waste Management by 5.1% in the second quarter.
Employees Retirement System of Texas now owns 292,153 shares of the business services provider’s stock valued at $62,328,000 after buying an additional 14,153 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Waste Management by 0.
3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider’s stock valued at $969,401,000 after buying an additional 12,664 shares during the period.
Finally, APG Asset Management N.V. lifted its stake in Waste Management by 1.
9% during the 2nd quarter. APG Asset Management N.V.
now owns 1,192,125 shares of the business services provider’s stock worth $237,302,000 after acquiring an additional 22,138 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.
Waste Management Trading Down 1.1 % Shares of Waste Management stock opened at $205.34 on Friday.
The company has a fifty day simple moving average of $207.42 and a 200-day simple moving average of $208.67.
Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $225.
00. The company has a current ratio of 1.07, a quick ratio of 1.
03 and a debt-to-equity ratio of 2.21. The stock has a market cap of $82.
41 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 2.32 and a beta of 0.
74. Waste Management Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.
75 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.
00 dividend on an annualized basis and a dividend yield of 1.46%. Waste Management’s payout ratio is 49.
10%. Insider Activity at Waste Management In other news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction dated Tuesday, July 16th.
The shares were sold at an average price of $220.00, for a total transaction of $330,000.00.
Following the completion of the sale, the vice president now owns 44,144 shares in the company, valued at $9,711,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . 0.
18% of the stock is owned by insiders. Wall Street Analyst Weigh In A number of analysts have issued reports on WM shares. Robert W.
Baird cut their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th.
Erste Group Bank reiterated a “hold” rating on shares of Waste Management in a report on Friday, June 14th. Truist Financial dropped their price target on shares of Waste Management from $240.00 to $235.
00 and set a “buy” rating for the company in a research note on Thursday, July 11th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Finally, CIBC cut their price target on Waste Management from $223.
00 to $213.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company.
According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.83.
Get Our Latest Analysis on WM Waste Management Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Waste Management How to Buy Cheap Stocks Step by Step REITs on the Rise After Rate Cuts: Where to Invest Now What does consumer price index measure? Is Viking Therapeutics Ready For Another Surge? Dividend Capture Strategy: What You Need to Know AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.
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