Board of the Pension Protection Fund Makes New Investment in Waste Management, Inc. $WM

Key Points

• The Pension Protection Fund has acquired a new position in Waste Management, Inc., purchasing 3,000 shares valued at approximately $686,000 in the second quarter.
• Waste Management's quarterly earnings reported $1.92 per share, exceeding analysts' expectations, with revenue reaching $6.43 billion—a 19% increase year-over-year.
• Waste Management announced a quarterly dividend of $0.825, reflecting a 1.5% yield and a dividend payout ratio of 48.96%.

Board of the Pension Protection Fund purchased a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,000 shares of the business services provider's stock, valued at approximately $686,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Westend Capital Management LLC increased its holdings in Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after purchasing an additional 66 shares during the last quarter. West Branch Capital LLC increased its stake in shares of Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock valued at $28,000 after acquiring an additional 49 shares during the last quarter. Saudi Central Bank bought a new stake in Waste Management in the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management in the first quarter worth $38,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Waste Management in the first quarter worth $45,000. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Up 0.7%

Waste Management stock opened at $219.09 on Friday. The company has a market cap of $88.26 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. The company has a fifty day simple moving average of $223.04 and a 200 day simple moving average of $227.97. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last announced 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 company 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 revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid 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 dividend payout ratio (DPR) is currently 48.96%.

Analysts Set New Price Targets

A number of analysts recently commented on WM shares. Oppenheimer lowered their price objective on shares of Waste Management from $265.00 to $262.00 and set an "outperform" rating for the company in a research report on Wednesday. Scotiabank raised their price target on Waste Management from $265.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Thursday, July 31st. William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research report on Tuesday, July 29th. Barclays lowered their target price on Waste Management from $272.00 to $271.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Stifel Nicolaus began coverage on Waste Management in a research note on Tuesday, September 30th. They set a "buy" rating and a $252.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Waste Management presently has an average rating of "Moderate Buy" and a consensus price target of $254.32.

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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