Sage Mountain Advisors LLC Buys 578 Shares of Waste Management, Inc. $WM

Sage Mountain Advisors LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 23.1% in the second quarter, Holdings Channel.com reports. The fund owned 3,085 shares of the business services provider’s stock after acquiring an additional 578 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Waste Management were worth $706,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its stake in shares of Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares during the last quarter. Northern Trust Corp boosted its position in Waste Management by 1.8% during the first quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock valued at $941,709,000 after acquiring an additional 70,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Waste Management by 26.9% during the 1st 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 worth $774,000,000 after acquiring an additional 709,557 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock worth $570,108,000 after acquiring an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Waste Management by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock valued at $505,137,000 after purchasing an additional 29,715 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

Shares of WM stock opened at $214.56 on Friday. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. 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 simple moving average is $219.89 and its two-hundred day simple moving average is $227.16. The firm has a market cap of $86.43 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 2.64 and a beta of 0.64.

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, topping analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the business posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors 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 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is 48.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WM. William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Barclays dropped their target price on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. 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 report on Wednesday, October 8th. Stifel Nicolaus began coverage on Waste Management in a research note on Tuesday, September 30th. They set a “buy” rating and a $252.00 price target on the stock. Finally, Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

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.