Livforsakringsbolaget Skandia Omsesidigt Has $346,000 Position in Waste Management, Inc. (WM)

Livforsakringsbolaget Skandia Omsesidigt decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 51.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,833 shares of the business services provider’s stock after selling 4,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Waste Management were worth $346,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WM. Raymond James Financial Services Advisors Inc. lifted its holdings in Waste Management by 6.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 163,299 shares of the business services provider’s stock worth $13,283,000 after acquiring an additional 9,319 shares during the period. Berkshire Asset Management LLC PA lifted its holdings in Waste Management by 5.4% during the third quarter. Berkshire Asset Management LLC PA now owns 357,716 shares of the business services provider’s stock worth $32,323,000 after acquiring an additional 18,440 shares during the period. New England Asset Management Inc. lifted its holdings in Waste Management by 270.5% during the second quarter. New England Asset Management Inc. now owns 7,409 shares of the business services provider’s stock worth $603,000 after acquiring an additional 5,409 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Waste Management by 73.2% during the second quarter. Envestnet Asset Management Inc. now owns 37,701 shares of the business services provider’s stock worth $3,066,000 after acquiring an additional 15,932 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Waste Management by 97.0% during the second quarter. Schroder Investment Management Group now owns 210,343 shares of the business services provider’s stock worth $16,990,000 after acquiring an additional 103,546 shares during the period. 74.87% of the stock is currently owned by institutional investors.

A number of analysts recently commented on WM shares. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Thursday, September 20th. Raymond James reiterated a “buy” rating on shares of Waste Management in a report on Monday. ValuEngine upgraded Waste Management from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. BMO Capital Markets lifted their price target on Waste Management to $98.00 and gave the stock an “overweight” rating in a report on Monday, October 8th. They noted that the move was a valuation call. Finally, UBS Group set a $90.00 price target on Waste Management and gave the stock a “hold” rating in a report on Friday, October 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $95.50.



Shares of WM opened at $89.47 on Thursday. The firm has a market capitalization of $36.21 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.75 and a beta of 0.70. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.84 and a current ratio of 0.87. Waste Management, Inc. has a 1 year low of $78.33 and a 1 year high of $92.85.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, October 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. Research analysts anticipate that Waste Management, Inc. will post 4.14 earnings per share for the current fiscal year.

About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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