Compound Planning Inc. Has $1.87 Million Holdings in Waste Management, Inc. $WM

Key Points

• Compound Planning Inc. increased its stake in Waste Management, Inc. by 16.7%, acquiring an additional 1,160 shares in the first quarter, bringing its total holdings to 8,088 shares valued at approximately $1.87 million.
• Waste Management's recently reported earnings per share of $1.92 beat analysts' estimates by $0.03, reflecting a 19% growth in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.825 per share, which will be paid on September 26th, representing an annualized yield of 1.5%.

Compound Planning Inc. increased its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 16.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,088 shares of the business services provider's stock after acquiring an additional 1,160 shares during the quarter. Compound Planning Inc.'s holdings in Waste Management were worth $1,872,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in Waste Management by 30.4% during 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. Northern Trust Corp increased its position in Waste Management by 1.8% during the first quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider's stock worth $941,709,000 after acquiring an additional 70,907 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Waste Management by 7.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,633,710 shares of the business services provider's stock worth $531,456,000 after acquiring an additional 177,398 shares during the period. Dimensional Fund Advisors LP increased its position in Waste Management by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider's stock worth $570,108,000 after acquiring an additional 36,836 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Waste Management by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider's stock valued at $505,137,000 after buying an additional 29,715 shares during the period. Institutional investors own 80.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WM shares. William Blair reissued an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. JPMorgan Chase & Co. raised shares of Waste Management from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $225.00 to $277.00 in a report on Friday, May 23rd. Scotiabank boosted their price target on shares of Waste Management from $265.00 to $275.00 and gave the company a "sector outperform" rating in a report on Thursday, July 31st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $229.00 price target on shares of Waste Management in a report on Thursday, June 26th. Finally, Melius Research raised shares of Waste Management to a "strong-buy" rating and set a $263.00 price target on the stock in a report on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $254.35.

Waste Management Price Performance

Shares of NYSE:WM traded down $2.8820 on Monday, hitting $224.1380. The stock had a trading volume of 1,101,617 shares, compared to its average volume of 1,869,840. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. 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 firm's 50 day moving average price is $229.07 and its 200-day moving average price is $229.84. The company has a market capitalization of $90.29 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the company earned $1.82 EPS. The firm's revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

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

Insider Activity

In related news, CFO Devina A. Rankin sold 57,888 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the transaction, the chief financial officer owned 83,934 shares in the company, valued at $19,922,574.24. This represents a 40.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rafael Carrasco sold 674 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the transaction, the senior vice president owned 16,542 shares in the company, valued at approximately $3,917,311.02. This trade represents a 3.91% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

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.