410 Shares in Waste Management, Inc. $WM Bought by Flaharty Asset Management LLC

Flaharty Asset Management LLC bought a new stake in shares of Waste Management, Inc. (NYSE:WM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 410 shares of the business services provider’s stock, valued at approximately $95,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WM. Brighton Jones LLC raised its stake in 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 acquiring an additional 2,320 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Waste Management by 14.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider’s stock worth $25,193,000 after purchasing an additional 15,974 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Waste Management by 72.6% during the 4th quarter. Gotham Asset Management LLC now owns 4,481 shares of the business services provider’s stock valued at $904,000 after purchasing an additional 1,885 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Waste Management by 5.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,633 shares of the business services provider’s stock valued at $20,307,000 after buying an additional 4,782 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its holdings in Waste Management by 1.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 16,808 shares of the business services provider’s stock worth $3,392,000 after buying an additional 227 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.7%

Shares of WM opened at $217.67 on Thursday. The business’s 50 day simple moving average is $227.34 and its 200-day simple moving average is $229.45. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The stock has a market capitalization of $87.68 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64.

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

Waste Management Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research report on Wednesday, July 30th. CIBC lifted their target price on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, June 26th. William Blair restated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. UBS Group increased their price objective on shares of Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Finally, Melius initiated coverage on shares of Waste Management in a report on Monday, June 9th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $254.35.

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.