Gamco Investors INC. ET AL Has $33.04 Million Stock Holdings in Waste Management, Inc. $WM

Key Points

• Gamco Investors INC. ET AL reduced its stake in Waste Management, Inc. by 4.1%, holding 142,716 shares valued at approximately $33.04 million.
• Waste Management reported a quarterly earnings per share (EPS) of $1.92, surpassing analysts' expectations, along with revenue of $6.43 billion, which was a 19% year-over-year increase.
• Recent dividend announcement includes a $0.825 per share distribution with an ex-dividend date of September 12th, yielding 1.5% annually.

Gamco Investors INC. ET AL decreased its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,716 shares of the business services provider's stock after selling 6,106 shares during the quarter. Gamco Investors INC. ET AL's holdings in Waste Management were worth $33,040,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock valued at $1,384,000 after buying an additional 2,320 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Waste Management by 41.7% in the 1st quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider's stock valued at $183,000 after buying an additional 232 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of Waste Management by 2.8% in the 1st quarter. Calamos Advisors LLC now owns 283,500 shares of the business services provider's stock valued at $65,633,000 after buying an additional 7,751 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Waste Management by 4.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider's stock worth $137,108,000 after purchasing an additional 24,023 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Waste Management by 13.1% in the 1st quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock worth $1,909,000 after purchasing an additional 958 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Stock Performance

Shares of NYSE:WM opened at $224.1380 on Tuesday. The company has a market capitalization of $90.29 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.78 and a beta of 0.64. The firm's 50 day simple moving average is $229.07 and its 200 day simple moving average is $229.84. 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 fifty-two week low of $199.69 and a fifty-two week high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings results 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. The business 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%. Waste Management's revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the company posted $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 year.

Waste Management Dividend Announcement

The business 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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, September 12th. Waste Management's dividend payout ratio (DPR) is 48.96%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WM. National Bank Financial raised shares of Waste Management to a "hold" rating in a report on Monday, May 26th. Raymond James Financial increased their price objective on shares of Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. UBS Group increased their price objective on shares of Waste Management from $260.00 to $265.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Royal Bank Of Canada reissued a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. Finally, William Blair reissued an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $254.35.

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.

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