Lmcg Investments LLC Purchases 163 Shares of Waste Management, Inc. $WM

Lmcg Investments LLC grew its position in shares of Waste Management, Inc. (NYSE:WM) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,316 shares of the business services provider’s stock after purchasing an additional 163 shares during the period. Lmcg Investments LLC’s holdings in Waste Management were worth $2,361,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WM. Westend Capital Management LLC lifted its stake in Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after purchasing an additional 66 shares during the last quarter. West Branch Capital LLC lifted its stake in shares of Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 49 shares during the last quarter. Saudi Central Bank bought a new stake in shares of Waste Management in the 1st quarter valued at about $37,000. GKV Capital Management Co. Inc. bought a new stake in shares of Waste Management in the 1st quarter valued at about $38,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Waste Management in the 1st quarter valued at about $45,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.7%

Shares of NYSE:WM opened at $219.09 on Friday. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The stock’s 50-day moving average is $223.04 and its 200 day moving average is $227.97. 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 company has a market cap of $88.26 billion, a PE ratio of 32.51, a P/E/G ratio of 2.70 and a beta of 0.64.

Waste Management (NYSE:WM) last posted its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.37 billion. During the same quarter in the prior year, the business earned $1.82 EPS. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced 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. 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 48.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WM shares. William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. National Bankshares lowered their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Scotiabank boosted their target price on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, BMO Capital Markets boosted their price target on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a report on Wednesday, July 30th. Two investment 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 company’s stock. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $254.32.

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.