Aspen Investment Management Inc Acquires 321 Shares of Waste Management, Inc. $WM

Aspen Investment Management Inc increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 3.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,544 shares of the business services provider’s stock after purchasing an additional 321 shares during the quarter. Waste Management accounts for 0.9% of Aspen Investment Management Inc’s holdings, making the stock its 29th biggest position. Aspen Investment Management Inc’s holdings in Waste Management were worth $1,978,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Ilmarinen Mutual Pension Insurance Co boosted its position in Waste Management by 62.5% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 65,000 shares of the business services provider’s stock worth $15,048,000 after acquiring an additional 25,000 shares during the last quarter. Advisory Alpha LLC boosted its position in Waste Management by 2.4% during the 1st quarter. Advisory Alpha LLC now owns 5,714 shares of the business services provider’s stock worth $1,323,000 after acquiring an additional 134 shares during the last quarter. Alaethes Wealth LLC boosted its position in Waste Management by 21.9% during the 1st quarter. Alaethes Wealth LLC now owns 2,574 shares of the business services provider’s stock worth $596,000 after acquiring an additional 462 shares during the last quarter. SCS Capital Management LLC acquired a new position in Waste Management during the 1st quarter worth approximately $1,655,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Up 0.0%

WM stock opened at $219.15 on Wednesday. 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 $88.28 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.69 and a beta of 0.64. The business’s fifty day moving average price is $227.46 and its two-hundred day moving average price is $229.53. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58.

Waste Management (NYSE:WM) last posted its quarterly earnings data 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 return on equity of 34.37% and a net margin of 11.36%.The firm had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter last year, the business earned $1.82 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.825 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Melius started coverage on Waste Management in a report on Monday, June 9th. They issued a “buy” rating for the company. Oppenheimer increased their price objective on Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial increased their price objective on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.35.

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.