Waste Management, Inc. $WM is Chapman Investment Management LLC’s 10th Largest Position

Chapman Investment Management LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,249 shares of the business services provider’s stock after buying an additional 709 shares during the quarter. Waste Management accounts for approximately 4.0% of Chapman Investment Management LLC’s investment portfolio, making the stock its 10th largest position. Chapman Investment Management LLC’s holdings in Waste Management were worth $5,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. McAdam LLC increased its stake in Waste Management by 3.1% in the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after buying an additional 44 shares during the period. Syntegra Private Wealth Group LLC lifted its holdings in Waste Management by 2.0% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock valued at $524,000 after buying an additional 44 shares in the last quarter. Formidable Asset Management LLC lifted its holdings in Waste Management by 2.0% during the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after buying an additional 45 shares in the last quarter. Harbour Trust & Investment Management Co lifted its holdings in Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after buying an additional 45 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Waste Management by 3.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock valued at $349,000 after buying an additional 46 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management Trading Down 1.6%

NYSE WM opened at $196.63 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The firm has a market cap of $79.22 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.51 and a beta of 0.64. The company has a 50 day moving average price of $216.88 and a 200 day moving average price of $226.02. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58.

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

Waste Management Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.7%. The ex-dividend date was Friday, September 12th. Waste Management’s payout ratio is 51.97%.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their price objective on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Raymond James Financial lifted their price objective on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Citigroup lifted their price objective on Waste Management from $268.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $248.61.

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.