Nordea Investment Management AB Acquires 280,455 Shares of Waste Management, Inc. (NYSE:WM)

Nordea Investment Management AB raised its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,240,429 shares of the business services provider's stock after acquiring an additional 280,455 shares during the period. Waste Management accounts for about 0.9% of Nordea Investment Management AB's investment portfolio, making the stock its 19th biggest holding. Nordea Investment Management AB owned about 1.06% of Waste Management worth $854,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Foundations Investment Advisors LLC increased its stake in shares of Waste Management by 36.0% in the second quarter. Foundations Investment Advisors LLC now owns 2,196 shares of the business services provider's stock valued at $469,000 after purchasing an additional 581 shares during the period. New York Life Investment Management LLC boosted its position in Waste Management by 0.7% during the 2nd quarter. New York Life Investment Management LLC now owns 56,436 shares of the business services provider's stock worth $12,040,000 after acquiring an additional 368 shares during the period. Private Advisor Group LLC grew its stake in shares of Waste Management by 17.7% in the second quarter. Private Advisor Group LLC now owns 73,802 shares of the business services provider's stock worth $15,745,000 after purchasing an additional 11,123 shares in the last quarter. Advisor OS LLC increased its holdings in shares of Waste Management by 28.5% during the second quarter. Advisor OS LLC now owns 4,467 shares of the business services provider's stock valued at $953,000 after purchasing an additional 991 shares during the period. Finally, Lake Street Advisors Group LLC lifted its holdings in Waste Management by 5.6% in the second quarter. Lake Street Advisors Group LLC now owns 3,724 shares of the business services provider's stock worth $794,000 after purchasing an additional 199 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Up 0.0 %

Shares of WM stock traded up $0.07 on Monday, reaching $201.72. 1,335,458 shares of the company's stock traded hands, compared to its average volume of 1,425,714. The business's 50 day moving average price is $215.72 and its two-hundred day moving average price is $211.54. The company has a market capitalization of $80.96 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 12-month low of $176.68 and a 12-month high of $230.39.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to analysts' expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management's revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 EPS. On average, equities analysts forecast that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.49%. Waste Management's dividend payout ratio (DPR) is presently 45.87%.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

Analyst Ratings Changes

WM has been the topic of a number of recent analyst reports. Scotiabank assumed coverage on shares of Waste Management in a research report on Friday, October 4th. They set a "sector perform" rating and a $220.00 price target on the stock. Argus boosted their target price on Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Truist Financial increased their price target on Waste Management from $235.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price objective on Waste Management from $213.00 to $220.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Waste Management from a "strong-buy" rating to a "buy" rating in a report on Saturday. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $230.72.

About Waste Management

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.