Commerzbank Aktiengesellschaft FI Boosts Stake in Waste Management, Inc. $WM

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Waste Management, Inc. by 1.6% during the 2nd quarter, holding 106,712 shares valued at approximately $24.4 million.
• Waste Management's quarterly earnings of $1.92 per share exceeded consensus estimates, with a net revenue of $6.43 billion for that quarter, representing a 19% annual increase.
• The company recently announced a quarterly dividend of $0.825, with an annualized yield of 1.5% and a dividend payout ratio of 48.96%.

Commerzbank Aktiengesellschaft FI lifted its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,712 shares of the business services provider's stock after purchasing an additional 1,697 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Waste Management were worth $24,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC lifted its position in Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after buying an additional 66 shares during the period. 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 worth $28,000 after acquiring an additional 49 shares in the last quarter. Saudi Central Bank bought a new position in shares of Waste Management in the 1st quarter worth about $37,000. GKV Capital Management Co. Inc. purchased a new stake in Waste Management in the first quarter worth about $38,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Waste Management in the first quarter worth about $45,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Price Performance

WM opened at $217.56 on Friday. 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 has a market capitalization of $87.64 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.71 and a beta of 0.64. The company's 50-day simple moving average is $223.24 and its two-hundred day simple moving average is $228.03. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58.

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

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 dividend on an annualized basis and a yield of 1.5%. Waste Management's dividend payout ratio is currently 48.96%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WM. UBS Group boosted their price target on Waste Management from $260.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. National Bankshares lowered their price objective on Waste Management from $250.00 to $243.00 and set a "sector perform" rating for the company in a research note on Tuesday. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. CIBC lifted their price target on Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Finally, Raymond James Financial increased their price objective on shares of Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.32.

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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