Coordinated Financial Services Inc. Invests $306,000 in Waste Management, Inc. $WM

Key Points

• Coordinated Financial Services Inc. invested approximately $306,000 in Waste Management, acquiring 1,337 shares in the second quarter.
• Waste Management recently reported earnings per share of $1.92, exceeding analyst expectations and reflecting a 19.0% increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.825 per share, representing an annual yield of 1.5% with a payout ratio of 48.96%.

Coordinated Financial Services Inc. bought a new stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,337 shares of the business services provider's stock, valued at approximately $306,000.

Several other large investors also recently added to or reduced their stakes in the business. Moseley Investment Management Inc. grew its position in Waste Management by 238.7% during the second quarter. Moseley Investment Management Inc. now owns 4,779 shares of the business services provider's stock valued at $1,094,000 after buying an additional 3,368 shares during the period. Callan Family Office LLC grew its position in Waste Management by 205.0% during the second quarter. Callan Family Office LLC now owns 16,196 shares of the business services provider's stock valued at $3,706,000 after buying an additional 10,886 shares during the period. Blair William & Co. IL grew its position in Waste Management by 32.9% during the second quarter. Blair William & Co. IL now owns 403,716 shares of the business services provider's stock valued at $92,378,000 after buying an additional 99,943 shares during the period. Kampmann Melissa S. grew its position in Waste Management by 25.5% during the second quarter. Kampmann Melissa S. now owns 9,905 shares of the business services provider's stock valued at $2,266,000 after buying an additional 2,010 shares during the period. Finally, Mainstay Capital Management LLC ADV grew its position in Waste Management by 111.6% during the second quarter. Mainstay Capital Management LLC ADV now owns 17,110 shares of the business services provider's stock valued at $3,915,000 after buying an additional 9,023 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management Trading Down 1.1%

WM stock opened at $217.56 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The stock has a market capitalization of $87.64 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 2.71 and a beta of 0.64. The firm's fifty day simple moving average is $223.24 and its two-hundred day simple moving average is $228.03.

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 for the quarter, beating analysts' consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.37 billion. During the same quarter in the previous year, the business posted $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, analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management's payout ratio is 48.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Waste Management in a research report on Tuesday, September 30th. They issued a "buy" rating and a $252.00 price target for the company. Erste Group Bank lowered shares of Waste Management from a "buy" rating to a "hold" rating in a research report on Thursday, September 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of Waste Management in a research report on Wednesday. Citigroup dropped their price target on shares of Waste Management from $275.00 to $268.00 and set a "buy" rating for the company in a research report on Tuesday, September 16th. Finally, CIBC upped their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Waste Management currently has an average rating of "Moderate Buy" and a consensus price target 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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