Johnson Investment Counsel Inc. Has $125.77 Million Stock Position in Waste Management, Inc. $WM

Key Points

• Johnson Investment Counsel Inc. has increased its holdings in Waste Management, Inc., now owning 549,636 shares valued at approximately $125.77 million.
• Multiple analysts have set new price targets for Waste Management, with a consensus average target of $254.32 and most recommendations suggesting a "Moderate Buy".
• Waste Management recently reported a 19% year-over-year revenue increase to $6.43 billion, exceeding analysts' expectations and posting an EPS of $1.92.

Johnson Investment Counsel Inc. lifted its position in Waste Management, Inc. (NYSE:WM - Free Report) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 549,636 shares of the business services provider's stock after buying an additional 6,026 shares during the period. Waste Management comprises 1.1% of Johnson Investment Counsel Inc.'s holdings, making the stock its 20th largest position. Johnson Investment Counsel Inc. owned 0.14% of Waste Management worth $125,768,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Westend Capital Management LLC increased its position in shares of Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after buying an additional 66 shares in the last quarter. West Branch Capital LLC increased its position in shares of Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock valued at $28,000 after buying an additional 49 shares in the last quarter. Saudi Central Bank bought a new stake in shares of Waste Management in the 1st quarter valued at $37,000. GKV Capital Management Co. Inc. bought a new stake in shares of Waste Management in the 1st quarter valued at $38,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Waste Management in the 1st quarter valued at $45,000. Institutional investors own 80.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Waste Management in a research report on Wednesday. Royal Bank Of Canada reiterated a "sector perform" rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Barclays lowered their target price on Waste Management from $272.00 to $271.00 and set an "overweight" rating for the company in a report on Thursday. Scotiabank increased their target price on Waste Management from $265.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Thursday, July 31st. Finally, National Bankshares lowered their target price on Waste Management from $250.00 to $243.00 and set a "sector perform" rating for the company in a report on Tuesday, October 7th. Two 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $254.32.

Waste Management Trading Up 0.7%

Waste Management stock opened at $219.09 on Friday. The firm has a 50-day moving average of $223.04 and a 200-day moving average of $227.97. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The company has a market cap of $88.26 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 2.70 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping 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 company 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 business posted $1.82 EPS. The company's quarterly revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management's dividend payout ratio (DPR) is 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.

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