Chicago Partners Investment Group LLC Purchases 1,307 Shares of Waste Management, Inc. $WM

Key Points

• Chicago Partners Investment Group LLC increased its holdings in Waste Management, Inc. by 13.9% during Q2, acquiring 1,307 additional shares and totaling 10,695 shares valued at $2.44 million.
• Waste Management recently posted quarterly earnings of $1.92 per share, exceeding analysts' expectations, and reported a revenue increase of 19% year-over-year.
• The company declared a quarterly dividend of $0.825 per share, translating to an annualized dividend yield of 1.5%.

Chicago Partners Investment Group LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,695 shares of the business services provider's stock after buying an additional 1,307 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Waste Management were worth $2,440,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Gladwyn Financial Advisors Inc. acquired a new stake in shares of Waste Management during the second quarter worth about $58,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Waste Management in the 2nd quarter valued at approximately $6,865,000. Signature Estate & Investment Advisors LLC increased its stake in Waste Management by 4.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,347 shares of the business services provider's stock worth $308,000 after purchasing an additional 62 shares in the last quarter. Spirit of America Management Corp NY raised its holdings in Waste Management by 26.7% during the 2nd quarter. Spirit of America Management Corp NY now owns 1,900 shares of the business services provider's stock worth $435,000 after buying an additional 400 shares during the period. Finally, Koshinski Asset Management Inc. lifted its stake in Waste Management by 1.3% in the second quarter. Koshinski Asset Management Inc. now owns 12,147 shares of the business services provider's stock valued at $2,779,000 after buying an additional 155 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WM shares. Weiss Ratings restated a "buy (b)" rating on shares of Waste Management in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Barclays cut their price target on Waste Management from $272.00 to $271.00 and set an "overweight" rating on the stock in a report on Thursday, October 9th. Stifel Nicolaus began coverage on Waste Management in a report on Tuesday, September 30th. They set a "buy" rating and a $252.00 price objective for the company. Finally, BMO Capital Markets boosted their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and an average target price of $253.00.

Waste Management Price Performance

NYSE:WM opened at $215.59 on Monday. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58. The company has a market cap of $86.85 billion, a P/E ratio of 31.99, a P/E/G ratio of 2.65 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The stock's 50-day simple moving average is $221.39 and its 200 day simple moving average is $227.35.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share 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 during the quarter, compared to the consensus estimate of $6.37 billion. During the same period last year, the company earned $1.82 earnings per share. The business's revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

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

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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