AG2R LA Mondiale Gestion D Actifs Makes New $4.85 Million Investment in Waste Management, Inc. $WM

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $4.85 million in Waste Management, acquiring 20,109 shares, as revealed in their recent SEC filing.
• Waste Management reported $1.92 EPS for the last quarter, exceeding analysts' expectations of $1.89, and demonstrated a 19% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.825, with a dividend yield of 1.5%, set to be paid on September 26th.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Waste Management, Inc. (NYSE:WM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,109 shares of the business services provider's stock, valued at approximately $4,846,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Ascent Group LLC boosted its stake in Waste Management by 0.6% in the 4th quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock worth $1,520,000 after buying an additional 44 shares during the last quarter. Insight Wealth Strategies LLC raised its holdings in shares of Waste Management by 0.4% during the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider's stock valued at $2,698,000 after buying an additional 44 shares during the period. McAdam LLC increased its holdings in Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider's stock worth $343,000 after purchasing an additional 44 shares during the last quarter. Stonebridge Financial Group LLC grew its position in shares of Waste Management by 3.0% in the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock worth $355,000 after acquiring an additional 45 shares in the last quarter. Finally, Formidable Asset Management LLC boosted 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 valued at $536,000 after purchasing an additional 45 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

Shares of NYSE:WM opened at $220.54 on Friday. The business has a 50 day moving average price of $227.22 and a 200 day moving average price of $229.38. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The company has a market cap of $88.84 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.67 and a beta of 0.64. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58.

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

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, September 12th. Waste Management's dividend payout ratio (DPR) is currently 48.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WM shares. Melius Research upgraded Waste Management to a "strong-buy" rating and set a $263.00 price objective for the company in a research report on Monday, June 9th. Erste Group Bank downgraded Waste Management from a "buy" rating to a "hold" rating in a research note on Thursday. William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research report on Tuesday, July 29th. 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. 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 equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.35.

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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