CreativeOne Wealth LLC Has $1.10 Million Stock Holdings in Waste Management, Inc. $WM

Key Points

• CreativeOne Wealth LLC increased its stake in Waste Management, Inc. by 47.4%, now holding 4,755 shares worth approximately $1.1 million as of the latest SEC filing.
• Waste Management reported $1.92 earnings per share for the last quarter, exceeding analyst estimates, with a year-over-year revenue growth of 19.0% resulting in total revenue of $6.43 billion.
• The company declared a quarterly dividend of $0.825, with a yield of 1.5%, to be paid on September 26th, and currently has a payout ratio of 48.96%.

CreativeOne Wealth LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 47.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,755 shares of the business services provider's stock after acquiring an additional 1,529 shares during the quarter. CreativeOne Wealth LLC's holdings in Waste Management were worth $1,101,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings in shares of Waste Management by 30.4% during the 1st 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 last quarter. Northern Trust Corp increased its holdings in shares of Waste Management by 1.8% during the 1st 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Waste Management by 7.2% in the 4th 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 valued at $531,456,000 after purchasing an additional 177,398 shares during the period. Dimensional Fund Advisors LP boosted its stake in Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider's stock valued at $570,108,000 after purchasing an additional 36,836 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 29,715 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Raymond James Financial boosted their price target on Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Oppenheimer boosted their price target on Waste Management from $260.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Seaport Res Ptn upgraded Waste Management to a "hold" rating in a research note on Tuesday, May 6th. UBS Group boosted their price target on Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, CIBC upped their target price on Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $254.35.

Waste Management Price Performance

Shares of WM stock traded up $2.11 on Monday, hitting $226.69. 1,527,535 shares of the company's stock were exchanged, compared to its average volume of 1,640,870. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The stock has a market cap of $91.32 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64. The company has a 50 day moving average of $228.32 and a 200 day moving average of $229.80.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the prior year, the company earned $1.82 EPS. Waste Management's revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.825 dividend. 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 dividend payout ratio is presently 48.96%.

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.