Waste Management, Inc. $WM Holdings Raised by Vigilare Wealth Management

Vigilare Wealth Management grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 80.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,068 shares of the business services provider’s stock after acquiring an additional 1,367 shares during the quarter. Vigilare Wealth Management’s holdings in Waste Management were worth $702,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WM. Nuveen LLC acquired a new position in Waste Management during the first quarter valued at $333,089,000. Ameriprise Financial Inc. raised its position in Waste Management by 30.4% during the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after buying an additional 1,239,996 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Waste Management by 26.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after buying an additional 709,557 shares during the period. Voya Investment Management LLC increased its position in Waste Management by 738.2% in the 1st quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock worth $175,766,000 after purchasing an additional 668,637 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in Waste Management by 16,999.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 661,060 shares of the business services provider’s stock worth $153,043,000 after purchasing an additional 657,194 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Price Performance

Shares of NYSE:WM opened at $220.85 on Wednesday. The company has a market cap of $88.97 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 2.68 and a beta of 0.64. The business has a 50 day moving average price of $224.93 and a 200 day moving average price of $228.43. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58.

Waste Management (NYSE:WM) last released its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is 48.96%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a research report on Thursday, June 26th. Stifel Nicolaus assumed coverage on Waste Management in a research report on Tuesday. They issued a “buy” rating and a $252.00 target price on the stock. Citigroup dropped their target price on Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Melius started coverage on Waste Management in a research report on Monday, June 9th. They issued a “buy” rating on the stock. Finally, UBS Group increased their price objective on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $255.17.

Waste Management Company 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.