Calamos Advisors LLC Has $53.91 Million Stock Position in Waste Management, Inc. $WM

Calamos Advisors LLC reduced its holdings in Waste Management, Inc. (NYSE:WM) by 16.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 235,578 shares of the business services provider’s stock after selling 47,922 shares during the quarter. Calamos Advisors LLC’s holdings in Waste Management were worth $53,905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its position in Waste Management by 3.1% during the second quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock valued at $13,064,000 after purchasing an additional 1,698 shares during the last quarter. GPM Growth Investors Inc. raised its position in Waste Management by 50.6% during the second quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock worth $3,808,000 after acquiring an additional 5,588 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in Waste Management in the second quarter valued at $4,361,000. Brighton Jones LLC grew its position in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after acquiring an additional 2,320 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Waste Management in the 2nd quarter valued at about $6,865,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

WM stock opened at $203.94 on Thursday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82. The company’s 50-day moving average is $213.50 and its 200-day moving average is $224.70. The stock has a market capitalization of $82.16 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period last year, the company posted $1.96 earnings per share. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s payout ratio is currently 51.97%.

Wall Street Analyst Weigh In

WM has been the subject of several research reports. Cowen reaffirmed a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. UBS Group lowered their price objective on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Oppenheimer restated an “outperform” rating and issued a $262.00 target price on shares of Waste Management in a research report on Wednesday, October 29th. Truist Financial set a $260.00 price objective on Waste Management in a research report on Wednesday, October 29th. Finally, Baird R W raised shares of Waste Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.79.

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.