Waste Management, Inc. $WM Stock Holdings Decreased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its stake in Waste Management, Inc. (NYSE:WM) by 5.4% during the first quarter, HoldingsChannel.com reports. The firm owned 126,645 shares of the business services provider’s stock after selling 7,183 shares during the period. Gamco Investors INC. ET AL’s holdings in Waste Management were worth $29,102,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new stake in Waste Management during the fourth quarter valued at approximately $25,000. Financial Network Wealth Advisors LLC grew its position in shares of Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after acquiring an additional 47 shares in the last quarter. RHL Group LLC bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Waste Management during the 4th quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC bought a new position in Waste Management during the third quarter worth $30,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

WM stock opened at $238.86 on Friday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The stock has a market capitalization of $95.92 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 2.89 and a beta of 0.44. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The stock’s fifty day moving average is $224.17 and its two-hundred day moving average is $227.08.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts predict that Waste Management, Inc. will post 8.16 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is 54.70%.

Key Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know
• Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade
• Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth
• Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Oppenheimer reduced their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Robert W. Baird lifted their price target on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, TD Cowen raised their target price on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $256.74.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.