Waste Management, Inc. $WM Shares Purchased by JSF Financial LLC

JSF Financial LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 10.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,229 shares of the business services provider’s stock after purchasing an additional 509 shares during the quarter. JSF Financial LLC’s holdings in Waste Management were worth $1,196,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Westend Capital Management LLC raised its position in Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after buying an additional 66 shares during the last quarter. West Branch Capital LLC increased its stake in shares of Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after acquiring an additional 49 shares during the period. Saudi Central Bank acquired a new position in shares of Waste Management during the first quarter worth about $37,000. GKV Capital Management Co. Inc. purchased a new stake in Waste Management in the 1st quarter valued at approximately $38,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Waste Management in the 1st quarter valued at approximately $45,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Trading Up 1.3%

Shares of WM opened at $219.77 on Friday. 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 firm has a 50 day simple moving average of $224.29 and a 200-day simple moving average of $228.26. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The stock has a market cap of $88.53 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64.

Waste Management (NYSE:WM) last announced its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating 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 analysts’ expectations of $6.37 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. Waste Management’s quarterly revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Equities analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio is currently 48.96%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WM. UBS Group raised their price target on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Melius Research upgraded Waste Management to a “strong-buy” rating and set a $263.00 price objective for the company in a research report on Monday, June 9th. Citigroup lowered their price target on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Barclays assumed coverage on shares of Waste Management in a report on Friday, September 19th. They set an “overweight” rating and a $272.00 price objective on the stock. Finally, William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $255.17.

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.