CW Advisors LLC Purchases 3,289 Shares of Waste Management, Inc. $WM

Key Points

• CW Advisors LLC significantly increased its stake in Waste Management, Inc., buying an additional 3,289 shares during Q1, bringing its total ownership to 5,367 shares valued at approximately $1.235 million.
• Waste Management reported a Q2 EPS of $1.92, exceeding analysts' expectations of $1.89, with revenues of $6.43 billion, up 19.0% year-over-year.
• The company declared a quarterly dividend of $0.825 per share, yielding 1.5%, with an ex-dividend date set for September 12th.

CW Advisors LLC grew its position in Waste Management, Inc. (NYSE:WM - Free Report) by 158.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,367 shares of the business services provider's stock after purchasing an additional 3,289 shares during the period. CW Advisors LLC's holdings in Waste Management were worth $1,235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WM. Brighton Jones LLC lifted its position in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after acquiring an additional 2,320 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Waste Management by 14.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider's stock valued at $25,193,000 after acquiring an additional 15,974 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider's stock valued at $781,000 after acquiring an additional 44 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of Waste Management by 3.3% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,493 shares of the business services provider's stock valued at $301,000 after acquiring an additional 48 shares during the last quarter. Finally, Quarry LP grew its stake in Waste Management by 218.6% during the 4th quarter. Quarry LP now owns 1,335 shares of the business services provider's stock worth $269,000 after buying an additional 916 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WM has been the subject of a number of recent research reports. Seaport Res Ptn upgraded Waste Management to a "hold" rating in a research note on Tuesday, May 6th. Robert W. Baird raised their target price on Waste Management from $235.00 to $245.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Raymond James Financial increased their price target on Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Citigroup increased their price target on Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Oppenheimer raised their price objective on Waste Management from $260.00 to $265.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Waste Management has a consensus rating of "Moderate Buy" and an average target price of $254.35.

Waste Management Stock Performance

NYSE WM traded down $1.27 during trading on Thursday, hitting $224.56. The company's stock had a trading volume of 999,910 shares, compared to its average volume of 1,673,837. 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 firm has a 50 day moving average price of $228.58 and a 200 day moving average price of $229.77. The firm has a market cap of $90.46 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. 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 issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company's revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

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

About Waste Management

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.