1,379 Shares in Waste Management, Inc. $WM Acquired by Hilltop National Bank

Key Points

• Hilltop National Bank has acquired a new stake of 1,379 shares in Waste Management, Inc., valued at approximately $316,000, contributing to 80.40% of the company's stock owned by institutional investors.
• Waste Management's recent earnings report showed an EPS of $1.92, exceeding analysts' estimates, with a 19% increase in quarterly revenue compared to the same period last year.
• The company announced a quarterly dividend of $0.825 per share, representing an annualized dividend of $3.30 and a yield of 1.5%.

Hilltop National Bank purchased a new stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,379 shares of the business services provider's stock, valued at approximately $316,000.

Other hedge funds have also made changes to their positions in the company. McAdam LLC lifted its stake in shares of Waste Management by 3.1% during the first quarter. McAdam LLC now owns 1,482 shares of the business services provider's stock worth $343,000 after purchasing an additional 44 shares in the last quarter. Stonebridge Financial Group LLC raised its holdings in shares of Waste Management by 3.0% during the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock valued at $355,000 after buying an additional 45 shares during the period. Formidable Asset Management LLC lifted its position in Waste Management by 2.0% during the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider's stock worth $536,000 after acquiring an additional 45 shares in the last quarter. KRS Capital Management LLC boosted its holdings in Waste Management by 3.1% in the 1st quarter. KRS Capital Management LLC now owns 1,548 shares of the business services provider's stock worth $358,000 after acquiring an additional 46 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Waste Management by 3.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider's stock valued at $349,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Stock Up 1.3%

NYSE:WM opened at $219.77 on Friday. 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 company has a market capitalization of $88.53 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 2.65 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. The stock has a 50-day simple moving average of $224.29 and a 200 day simple moving average of $228.25.

Waste Management (NYSE:WM - Get Free Report) last released its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the business posted $1.82 EPS. Waste Management's quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management's dividend payout ratio is 48.96%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WM. UBS Group upped their target price on shares of Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Oppenheimer upped their price objective on shares of Waste Management from $260.00 to $265.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Barclays assumed coverage on Waste Management in a research report on Friday, September 19th. They set an "overweight" rating and a $272.00 target price on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $229.00 price target on shares of Waste Management in a research note on Thursday, June 26th. Finally, Stifel Nicolaus began coverage on Waste Management in a research note on Tuesday. They set a "buy" rating and a $252.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $255.17.

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.

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