Liberty One Investment Management LLC Decreases Stock Holdings in Waste Management, Inc. $WM

Liberty One Investment Management LLC reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,245 shares of the business services provider’s stock after selling 5,471 shares during the quarter. Waste Management makes up 2.6% of Liberty One Investment Management LLC’s holdings, making the stock its 20th largest position. Liberty One Investment Management LLC’s holdings in Waste Management were worth $26,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WM. Brighton Jones LLC raised its stake in Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after buying an additional 2,320 shares during the last quarter. Sprott Inc. acquired a new stake in Waste Management during the first quarter worth about $325,000. GAMMA Investing LLC grew its holdings in Waste Management by 13.1% during the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider’s stock worth $1,909,000 after acquiring an additional 958 shares during the period. Advisor Resource Council acquired a new stake in Waste Management during the first quarter worth about $384,000. Finally, Nilsine Partners LLC acquired a new stake in Waste Management in the first quarter valued at approximately $236,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on WM shares. UBS Group dropped their price objective on Waste Management from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. Citigroup reduced their target price on Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Scotiabank lifted their target price on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 31st. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Finally, Oppenheimer lowered their price objective on Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Two research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $253.00.

Waste Management Stock Up 0.0%

WM opened at $215.50 on Tuesday. The company has a market cap of $86.81 billion, a PE ratio of 31.97, a P/E/G ratio of 2.65 and a beta of 0.64. The business has a 50 day moving average price of $220.96 and a two-hundred day moving average price of $227.28. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last issued 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 company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared 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 was 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 is currently 48.96%.

About Waste Management

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.