Blair William & Co. IL Purchases 99,943 Shares of Waste Management, Inc. $WM

Key Points

• Blair William & Co. IL increased its stake in Waste Management, Inc. by 32.9%, acquiring an additional 99,943 shares to reach a total ownership of 403,716 shares worth approximately $92.38 million.
• Waste Management recently reported a 19.0% year-over-year increase in revenue, totaling $6.43 billion for the quarter, alongside an earnings per share (EPS) of $1.92, beating the consensus estimate.
• The company declared a quarterly dividend of $0.825, resulting in an annualized dividend yield of 1.5%, with a current dividend payout ratio of 48.96%.

Blair William & Co. IL grew its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 32.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 403,716 shares of the business services provider's stock after buying an additional 99,943 shares during the quarter. Blair William & Co. IL owned 0.10% of Waste Management worth $92,378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of WM. Valeo Financial Advisors LLC raised its stake in shares of Waste Management by 15,782.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider's stock worth $395,512,000 after purchasing an additional 1,717,603 shares during the period. Nuveen LLC purchased a new stake in Waste Management during the first quarter worth about $333,089,000. Ameriprise Financial Inc. raised its position in Waste Management by 30.4% in the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Waste Management by 26.9% in the first 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 acquiring an additional 709,557 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Waste Management by 738.2% during the 1st quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider's stock valued at $175,766,000 after acquiring an additional 668,637 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Up 1.1%

WM stock opened at $220.00 on Thursday. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The firm has a market capitalization of $88.62 billion, a PE ratio of 32.64, a PEG ratio of 2.66 and a beta of 0.64. 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 stock has a 50-day simple moving average of $223.47 and a two-hundred day simple moving average of $228.09.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings data 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 net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.37 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. Waste Management's revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BMO Capital Markets upped their price objective on Waste Management from $245.00 to $248.00 and gave the company a "market perform" rating in a research note on Wednesday, July 30th. UBS Group upped their price target on Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Citigroup decreased their price objective on Waste Management from $275.00 to $268.00 and set a "buy" rating for the company in a report on Tuesday, September 16th. CIBC upped their price objective on shares of Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Finally, National Bankshares reduced their target price on shares of Waste Management from $250.00 to $243.00 and set a "sector perform" rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, Waste Management presently has an average rating of "Moderate Buy" and a consensus price target of $254.37.

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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