Asset Management One Co. Ltd. Has $46.06 Million Stock Holdings in Waste Management, Inc. $WM

Asset Management One Co. Ltd. lessened its stake in Waste Management, Inc. (NYSE:WM) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 201,295 shares of the business services provider’s stock after selling 3,849 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Waste Management were worth $46,060,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Westend Capital Management LLC increased its stake in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after buying an additional 66 shares during the period. Saudi Central Bank bought a new stake in Waste Management in the first quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new stake in Waste Management in the first quarter worth approximately $38,000. New Age Alpha Advisors LLC bought a new stake in Waste Management in the first quarter worth approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Waste Management by 381.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on WM shares. Barclays decreased their target price 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, October 9th. Citigroup decreased their target price on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Scotiabank boosted their target price on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 31st. Finally, National Bankshares decreased their price objective on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $253.00.

Waste Management Price Performance

NYSE WM opened at $214.56 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The company has a fifty day simple moving average of $219.89 and a 200 day simple moving average of $227.08. The company has a market cap of $86.43 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.66 and a beta of 0.64. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year 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 (EPS) for the quarter, topping the consensus estimate 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 net margin of 11.36% and a return on equity of 34.37%. Waste Management’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio is presently 48.96%.

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.