111 Capital Makes New $1.72 Million Investment in Waste Management, Inc. $WM

Key Points

• 111 Capital has made a new investment of approximately $1.72 million in Waste Management, Inc., acquiring 7,507 shares in the second quarter.
• The company reported a quarterly earnings per share (EPS) of $1.92, exceeding analysts' expectations and showing a revenue increase of 19% compared to the same quarter last year.
• Waste Management recently announced a quarterly dividend of $0.825 per share, providing a yield of 1.5% and indicating a payout ratio of about 48.96%.

111 Capital bought a new position in Waste Management, Inc. (NYSE:WM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,507 shares of the business services provider's stock, valued at approximately $1,718,000.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WM shares. William Blair restated an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. Citigroup reduced their price objective on Waste Management from $275.00 to $268.00 and set a "buy" rating for the company in a research report on Tuesday, September 16th. Barclays began coverage on Waste Management in a report on Friday, September 19th. They set an "overweight" rating and a $272.00 price objective on the stock. BMO Capital Markets upped their target price on Waste Management from $245.00 to $248.00 and gave the company a "market perform" rating in a research note on Wednesday, July 30th. Finally, UBS Group lifted their price target on shares of Waste Management from $260.00 to $265.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and a consensus target price of $255.17.

Waste Management Price Performance

Waste Management stock opened at $219.77 on Friday. The business has a 50 day simple moving average of $224.29 and a 200 day simple moving average of $228.25. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The company has a market capitalization of $88.53 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64. 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 - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the company posted $1.82 earnings per share. The business'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. On average, 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. Shareholders of record on Friday, September 12th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a 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%.

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.

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