Waste Management, Inc. $WM is 4D Advisors LLC's Largest Position

Key Points

• 4D Advisors LLC increased its stake in Waste Management, Inc. by 56.3% to 62,500 shares, making it the firm's largest holding worth approximately $14.47 million.
• Waste Management reported a quarterly EPS of $1.92, exceeding expectations and showing a 19% year-over-year revenue growth to $6.43 billion.
• The company declared a quarterly dividend of $0.825 per share, resulting in an annualized dividend yield of 1.5%, with a payout ratio of 48.96%.

4D Advisors LLC increased its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 56.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,500 shares of the business services provider's stock after purchasing an additional 22,500 shares during the quarter. Waste Management accounts for 11.2% of 4D Advisors LLC's investment portfolio, making the stock its biggest position. 4D Advisors LLC's holdings in Waste Management were worth $14,469,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in Waste Management by 30.4% in 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 acquiring an additional 1,239,996 shares during the last quarter. Northern Trust Corp grew its holdings in Waste Management by 1.8% in the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider's stock worth $941,709,000 after acquiring an additional 70,907 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Waste Management by 7.2% in 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 acquiring an additional 177,398 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Waste Management by 1.5% in 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 acquiring an additional 36,836 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Waste Management by 1.4% in 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 acquiring an additional 29,715 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Stock Down 2.2%

Shares of WM traded down $4.87 on Friday, hitting $220.08. 2,110,690 shares of the stock traded hands, compared to its average volume of 1,680,656. 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 $88.65 billion, a PE ratio of 32.65, a P/E/G ratio of 2.76 and a beta of 0.64. The business has a 50 day simple moving average of $228.01 and a 200 day simple moving average of $229.71. 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 (NYSE:WM - Get Free Report) last issued its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating 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 business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same period last year, the business posted $1.82 EPS. The company's revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

Analyst Upgrades and Downgrades

WM has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Waste Management from $245.00 to $248.00 and gave the stock a "market perform" rating in a report on Wednesday, July 30th. CIBC raised their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Melius assumed coverage on shares of Waste Management in a research note on Monday, June 9th. They set a "buy" rating on the stock. Scotiabank lifted their target price on shares of Waste Management from $265.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Thursday, July 31st. Finally, National Bank Financial raised shares of Waste Management to a "hold" rating in a research note on Monday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $254.35.

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.