Waste Management, Inc. $WM Shares Acquired by PDS Planning Inc

PDS Planning Inc boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 15.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,551 shares of the business services provider’s stock after purchasing an additional 350 shares during the period. PDS Planning Inc’s holdings in Waste Management were worth $584,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westend Capital Management LLC lifted its stake in Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the last quarter. West Branch Capital LLC lifted its stake in Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the last quarter. Saudi Central Bank acquired a new stake in Waste Management during the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management in the 1st quarter valued at approximately $38,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management in the 1st quarter valued at approximately $45,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WM shares. Oppenheimer reduced their price target on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research report on Wednesday. William Blair restated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. UBS Group upped their price target on shares of Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Barclays reduced their price target on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $254.32.

Waste Management Stock Up 0.7%

Waste Management stock opened at $219.09 on Friday. The firm has a market cap of $88.26 billion, a PE ratio of 32.51, a P/E/G ratio of 2.70 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The firm’s 50 day moving average price is $223.04 and its two-hundred day moving average price is $227.97. 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 quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 net margin of 11.36% and a return on equity of 34.37%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio is 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.