1,335 Shares in Waste Management, Inc. $WM Purchased by Coordinated Financial Services Inc. CO

Key Points

• Coordinated Financial Services Inc. acquired 1,335 shares of Waste Management, Inc. worth approximately $309,000 in the first quarter.
• Equities analysts have a generally positive outlook on Waste Management, with recent upgrades in price targets and ratings, indicating a "Moderate Buy" average rating.
• The company announced a quarterly dividend of $0.825 per share, reflecting a dividend yield of 1.5% and a payout ratio of 48.96%.

Coordinated Financial Services Inc. CO bought a new position in Waste Management, Inc. (NYSE:WM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,335 shares of the business services provider's stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of Waste Management by 26,095.2% in the 1st quarter. GAMMA Investing LLC now owns 1,909,370 shares of the business services provider's stock valued at $442,038,000 after acquiring an additional 1,902,081 shares in the last quarter. Nuveen LLC acquired a new stake in Waste Management in the first quarter worth $333,089,000. Ameriprise Financial Inc. increased its stake in Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider's stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares in the last quarter. Leigh Baldwin & CO. LLC acquired a new position in shares of Waste Management during the fourth quarter valued at about $205,506,000. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Waste Management by 16,999.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 661,060 shares of the business services provider's stock worth $153,043,000 after purchasing an additional 657,194 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Down 0.7%

WM stock traded down $1.49 during midday trading on Wednesday, reaching $217.67. 1,183,396 shares of the company's stock traded hands, compared to its average volume of 1,715,270. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The company has a market cap of $87.68 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 2.69 and a beta of 0.64. The firm's fifty day moving average price is $227.46 and its 200-day moving average price is $229.53. 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 posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.03. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 EPS. 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 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Melius Research raised Waste Management to a "strong-buy" rating and set a $263.00 target price for the company in a research report on Monday, June 9th. JPMorgan Chase & Co. raised Waste Management from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $225.00 to $277.00 in a research note on Friday, May 23rd. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $229.00 price target on shares of Waste Management in a research note on Thursday, June 26th. William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research note on Tuesday, July 29th. Finally, National Bank Financial upgraded shares of Waste Management to a "hold" rating in a research note on Monday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $254.35.

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.