Morton Capital Management LLC CA Purchases 188 Shares of Waste Management, Inc. $WM

Morton Capital Management LLC CA lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 5.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,421 shares of the business services provider’s stock after acquiring an additional 188 shares during the quarter. Morton Capital Management LLC CA’s holdings in Waste Management were worth $783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares in the last quarter. Zevenbergen Capital Investments LLC boosted its position in Waste Management by 30.4% during the second quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock valued at $2,158,000 after purchasing an additional 2,200 shares in the last quarter. Empowered Funds LLC boosted its position in Waste Management by 82.9% during the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider’s stock valued at $5,248,000 after purchasing an additional 10,272 shares in the last quarter. BROOKFIELD Corp ON boosted its position in Waste Management by 25.1% during the first quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider’s stock valued at $4,661,000 after purchasing an additional 4,043 shares in the last quarter. Finally, Czech National Bank boosted its position in Waste Management by 6.7% during the second quarter. Czech National Bank now owns 89,510 shares of the business services provider’s stock valued at $20,482,000 after purchasing an additional 5,620 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WM shares. UBS Group raised their price objective on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. National Bankshares dropped their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Oppenheimer raised their price objective on Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Finally, CIBC raised their price objective on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $254.53.

Waste Management Trading Down 0.1%

Waste Management stock opened at $217.54 on Wednesday. The stock has a 50-day moving average of $223.72 and a two-hundred day moving average of $228.15. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The stock has a market cap of $87.63 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 2.66 and a beta of 0.64.

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

Waste Management Dividend Announcement

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

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.