Capital Management Associates Inc Has $491,000 Stock Position in Waste Management, Inc. $WM

Key Points

• Capital Management Associates Inc has reduced its stake in Waste Management, Inc. by 50.1%, now holding a position worth $491,000 after selling 2,150 shares during the second quarter.
• The company reported $1.92 EPS for the last quarter, exceeding analyst expectations, with a 19.0% year-over-year revenue increase to $6.43 billion.
• Waste Management's quarterly dividend was recently set at $0.825 per share, reflecting an annualized payment of $3.30 and a yield of 1.5%.

Capital Management Associates Inc reduced its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 50.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,144 shares of the business services provider's stock after selling 2,150 shares during the quarter. Capital Management Associates Inc's holdings in Waste Management were worth $491,000 as of its most recent SEC filing.

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

Waste Management Stock Performance

Shares of WM stock opened at $220.00 on Thursday. The business's 50-day moving average price is $223.47 and its 200-day moving average price is $228.09. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The firm has a market capitalization of $88.62 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 2.66 and a beta of 0.64. 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 (NYSE:WM - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period last year, the firm posted $1.82 earnings per share. The business'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. Equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on WM shares. CIBC raised their price objective on Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. Scotiabank raised their price objective on Waste Management from $265.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Thursday, July 31st. Erste Group Bank lowered Waste Management from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. UBS Group raised their price objective on Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, National Bankshares reduced their price objective on Waste Management from $250.00 to $243.00 and set a "sector perform" rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $254.37.

About Waste Management

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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