1,197 Shares in Waste Management, Inc. $WM Acquired by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC acquired 1,197 shares of Waste Management, Inc. for approximately $274,000 during the 2nd quarter.
• Waste Management posted $1.92 EPS for the recent quarter, outperforming analysts' estimates of $1.89, with revenues reaching $6.43 billion.
• The company announced a quarterly dividend of $0.825, resulting in an annualized dividend of $3.30 and a yield of 1.5%.

Turtle Creek Wealth Advisors LLC bought a new stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,197 shares of the business services provider's stock, valued at approximately $274,000.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Sprott Inc. purchased a new position in shares of Waste Management in the 1st quarter worth approximately $325,000. GAMMA Investing LLC lifted its position in Waste Management by 13.1% during the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock valued at $1,909,000 after acquiring an additional 958 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Waste Management by 4.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider's stock worth $137,108,000 after purchasing an additional 24,023 shares in the last quarter. Finally, Clarius Group LLC boosted its holdings in Waste Management by 50.3% in the first quarter. Clarius Group LLC now owns 3,402 shares of the business services provider's stock worth $788,000 after acquiring an additional 1,139 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Trading Down 0.3%

WM opened at $212.99 on Friday. The business's 50 day moving average price is $221.79 and its 200 day moving average price is $227.59. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market capitalization of $85.80 billion, a PE ratio of 31.60, a P/E/G ratio of 2.63 and a beta of 0.64. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last posted 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. The company 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%. Waste Management's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management's payout ratio is currently 48.96%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. CIBC boosted their target price on shares of Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. Oppenheimer dropped their price objective on Waste Management from $265.00 to $262.00 and set an "outperform" rating on the stock in a report on Wednesday, October 8th. William Blair restated an "outperform" rating on shares of Waste Management in a research report on Tuesday, July 29th. Finally, National Bankshares decreased their target price on Waste Management from $250.00 to $243.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, Waste Management has an average rating of "Moderate Buy" and a consensus target price of $253.00.

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.

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