Waste Management, Inc. $WM Stock Position Lifted by Okabena Investment Services Inc.

Okabena Investment Services Inc. lifted its position in Waste Management, Inc. (NYSE:WM) by 6.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 5,677 shares of the business services provider’s stock after acquiring an additional 319 shares during the period. Okabena Investment Services Inc.’s holdings in Waste Management were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westend Capital Management LLC boosted its holdings in Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after purchasing an additional 66 shares during the period. West Branch Capital LLC lifted its position in shares of Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after buying an additional 49 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Waste Management in the 1st quarter valued at about $38,000. New Age Alpha Advisors LLC bought a new stake in shares of Waste Management during the 1st quarter valued at about $45,000. Finally, Adalta Capital Management LLC acquired a new stake in Waste Management during the fourth quarter worth about $40,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WM has been the subject of a number of research reports. Raymond James Financial lifted their target price on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $229.00 price target 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 upped their price objective for the stock from $225.00 to $277.00 in a research note on Friday, May 23rd. CIBC increased their target price on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, June 26th. Finally, Melius Research raised shares of Waste Management to a “strong-buy” rating and set a $263.00 price target for the company in a report on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $254.35.

Waste Management Trading Up 0.3%

NYSE:WM opened at $225.86 on Thursday. The stock has a market cap of $90.98 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.76 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The business has a fifty day moving average of $228.75 and a 200-day moving average of $229.78.

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

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.825 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is 48.96%.

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.