nVerses Capital LLC Has $1.02 Million Stock Position in Waste Management, Inc. (NYSE:WM)

nVerses Capital LLC grew its position in shares of Waste Management, Inc. (NYSE:WM) by 40.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,900 shares of the business services provider’s stock after buying an additional 1,400 shares during the quarter. Waste Management makes up about 0.5% of nVerses Capital LLC’s investment portfolio, making the stock its 29th largest holding. nVerses Capital LLC’s holdings in Waste Management were worth $1,017,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Sustainable Growth Advisers LP acquired a new position in Waste Management during the first quarter worth $300,594,000. Capital World Investors increased its holdings in shares of Waste Management by 44.6% during the 1st quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after acquiring an additional 1,303,466 shares during the last quarter. Swedbank AB acquired a new stake in Waste Management in the 1st quarter worth approximately $193,955,000. Wulff Hansen & CO. raised its position in shares of Waste Management by 20,402.6% in the second quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock valued at $185,196,000 after purchasing an additional 863,846 shares during the period. Finally, AMF Tjanstepension AB lifted its stake in shares of Waste Management by 85.6% in the second quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock worth $333,234,000 after buying an additional 720,358 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Truist Financial dropped their target price on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Scotiabank initiated coverage on Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price for the company. Royal Bank of Canada dropped their price target on Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets cut their target price on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. Finally, Oppenheimer decreased their price target on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $218.89.

Waste Management Price Performance

Waste Management stock traded down $0.14 during trading hours on Thursday, hitting $213.00. 120,265 shares of the stock were exchanged, compared to its average volume of 1,625,061. Waste Management, Inc. has a 12 month low of $153.95 and a 12 month high of $225.00. The business’s 50-day moving average is $207.98 and its two-hundred day moving average is $208.45. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The stock has a market capitalization of $85.48 billion, a P/E ratio of 33.88, a P/E/G ratio of 2.39 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the previous year, the company posted $1.51 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts expect that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. Waste Management’s dividend payout ratio (DPR) is currently 47.69%.

Waste Management Profile

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.