Waste Management, Inc. $WM Stake Boosted by Advisory Alpha LLC

Advisory Alpha LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 2.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,714 shares of the business services provider’s stock after buying an additional 134 shares during the quarter. Advisory Alpha LLC’s holdings in Waste Management were worth $1,323,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of WM. GAMMA Investing LLC grew its holdings in shares of Waste Management by 26,095.2% during the first quarter. GAMMA Investing LLC now owns 1,909,370 shares of the business services provider’s stock valued at $442,038,000 after purchasing an additional 1,902,081 shares during the last quarter. Nuveen LLC bought a new stake in Waste Management in the first quarter valued at $333,089,000. Ameriprise Financial Inc. grew its position in shares of 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 acquiring an additional 1,239,996 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Waste Management by 26.9% in the 1st 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 purchasing an additional 709,557 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Waste Management by 16,999.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 661,060 shares of the business services provider’s stock worth $153,043,000 after purchasing an additional 657,194 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the topic of several analyst reports. William Blair restated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Melius initiated coverage on shares of Waste Management in a research note on Monday, June 9th. They issued a “buy” rating for the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. JPMorgan Chase & Co. upgraded Waste Management from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $225.00 to $277.00 in a research report on Friday, May 23rd. Finally, Scotiabank lifted their target price on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $254.35.

Waste Management Price Performance

NYSE WM opened at $219.15 on Wednesday. The company has a 50 day simple moving average of $227.46 and a 200-day simple moving average of $229.53. The firm has a market capitalization of $88.28 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last posted its quarterly 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 net margin of 11.36% and a return on equity of 34.37%. The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the prior year, the business posted $1.82 earnings per share. Waste Management’s revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.825 per share. The ex-dividend date is 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 (DPR) 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.