Belpointe Asset Management LLC Has $5.21 Million Stake in Waste Management, Inc. $WM

Key Points

• Belpointe Asset Management LLC increased its stake in Waste Management, Inc. by 5.3% in the second quarter, bringing the value of their holdings to $5.21 million.
• Several other institutional investors also reported significant changes in their positions, with Valeo Financial Advisors LLC boosting its stake by an extraordinary 15,782.4%.
• Waste Management recently declared a quarterly dividend of $0.825, with a dividend yield of 1.5% and a payout ratio of approximately 49%.

Belpointe Asset Management LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,770 shares of the business services provider's stock after acquiring an additional 1,147 shares during the quarter. Belpointe Asset Management LLC's holdings in Waste Management were worth $5,210,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Valeo Financial Advisors LLC increased its holdings in shares of Waste Management by 15,782.4% during the second quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider's stock worth $395,512,000 after buying an additional 1,717,603 shares in the last quarter. Nuveen LLC bought a new stake in Waste Management during the 1st quarter worth approximately $333,089,000. Ameriprise Financial Inc. increased its holdings 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 valued at $1,233,240,000 after purchasing an additional 1,239,996 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider's stock valued at $774,000,000 after purchasing an additional 709,557 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Waste Management by 738.2% during the first quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider's stock worth $175,766,000 after purchasing an additional 668,637 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Wall Street Analyst Weigh In

WM has been the subject of a number of research analyst reports. 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. William Blair restated an "outperform" rating on shares of Waste Management in a research report on Tuesday, July 29th. Barclays began coverage on shares of Waste Management in a research note on Friday, September 19th. They set an "overweight" rating and a $272.00 price target on the stock. Erste Group Bank cut shares of Waste Management from a "buy" rating to a "hold" rating in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $255.17.

Waste Management Trading Up 1.3%

NYSE WM opened at $219.77 on Monday. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The stock has a 50-day simple moving average of $224.29 and a 200 day simple moving average of $228.27. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $88.53 billion, a PE ratio of 32.61, a P/E/G ratio of 2.68 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last posted its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion during 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 for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

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

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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