3,247 Shares in Waste Management, Inc. $WM Purchased by Alamea Verwaltungs GmbH

Key Points

• Alamea Verwaltungs GmbH has acquired 3,247 shares of Waste Management, Inc. ($WM), valued at approximately $752,000, making it the firm's 17th biggest holding.
• Several institutional investors, including Ameriprise Financial and Northern Trust, have significantly increased their stakes in Waste Management during the 1st quarter.
• Waste Management reported a quarterly earnings per share of $1.92, surpassing estimates, with a revenue increase of 19% year-over-year, and announced a quarterly dividend of $0.825.

Alamea Verwaltungs GmbH acquired a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,247 shares of the business services provider's stock, valued at approximately $752,000. Waste Management makes up 0.7% of Alamea Verwaltungs GmbH's investment portfolio, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in Waste Management by 30.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider's stock worth $1,233,240,000 after purchasing an additional 1,239,996 shares in the last quarter. Northern Trust Corp increased its position in Waste Management by 1.8% during the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider's stock worth $941,709,000 after purchasing an additional 70,907 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Waste Management by 7.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,633,710 shares of the business services provider's stock worth $531,456,000 after purchasing an additional 177,398 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Waste Management by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider's stock worth $570,108,000 after purchasing an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Waste Management by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider's stock worth $505,137,000 after purchasing an additional 29,715 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.

Wall Street Analyst Weigh In

WM has been the subject of several recent analyst reports. Scotiabank lifted their price target on Waste Management from $265.00 to $275.00 and gave the company a "sector outperform" rating in a report on Thursday, July 31st. Royal Bank Of Canada restated a "sector perform" rating and issued a $229.00 price target on shares of Waste Management in a report on Thursday, June 26th. UBS Group lifted their price target on Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Melius Research upgraded Waste Management to a "strong-buy" rating and set a $263.00 price target for the company in a report on Monday, June 9th. Finally, Raymond James Financial lifted their price target on Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.35.

Waste Management Stock Performance

NYSE WM opened at $226.69 on Friday. The firm has a market capitalization of $91.32 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.78 and a beta of 0.64. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The business's 50-day simple moving average is $228.48 and its 200-day simple moving average is $229.79.

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 for the quarter, beating the consensus estimate of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company's revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

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

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