Vanguard Personalized Indexing Management LLC Boosts Position in Waste Management, Inc. $WM

Vanguard Personalized Indexing Management LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 19.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,287 shares of the business services provider’s stock after purchasing an additional 9,305 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Waste Management were worth $13,111,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WM. Valeo Financial Advisors LLC boosted its position in Waste Management by 15,782.4% during the second quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock worth $395,512,000 after purchasing an additional 1,717,603 shares in the last quarter. Nuveen LLC purchased a new stake in Waste Management during the first quarter worth $333,089,000. Ameriprise Financial Inc. boosted its position in Waste Management by 30.4% during the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock worth $1,233,240,000 after purchasing an additional 1,239,996 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Waste Management by 26.9% in the first 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 valued at $774,000,000 after acquiring an additional 709,557 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Waste Management by 738.2% in the first quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock valued at $175,766,000 after acquiring an additional 668,637 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WM has been the topic of several recent research reports. Oppenheimer reduced their price objective on Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research report on Wednesday. Scotiabank upped their price objective 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. Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. CIBC upped their price objective on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, June 26th. Finally, Citigroup reduced their price objective 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. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

Waste Management Stock Performance

NYSE WM opened at $219.09 on Friday. The business’s 50-day moving average price is $223.04 and its 200 day moving average price is $227.97. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The company has a market capitalization of $88.26 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

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

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.