Kampmann Melissa S. Buys 2,010 Shares of Waste Management, Inc. $WM

Key Points

• Kampmann Melissa S. increased their stake in Waste Management, Inc. by 25.5%, purchasing an additional 2,010 shares, raising their total holdings to 9,905 shares valued at approximately $2.27 million.
• Several large investors have also significantly increased their holdings in Waste Management, with Mainstay Capital Management and Leo Wealth growing their stakes by over 111% and 122%, respectively.
• Waste Management's recent earnings report showed a 19% year-over-year revenue increase, beating consensus estimates with revenues of $6.43 billion and earnings per share of $1.92.

Kampmann Melissa S. grew its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 25.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,905 shares of the business services provider's stock after purchasing an additional 2,010 shares during the period. Kampmann Melissa S.'s holdings in Waste Management were worth $2,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Mainstay Capital Management LLC ADV grew its stake in shares of Waste Management by 111.6% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 17,110 shares of the business services provider's stock valued at $3,915,000 after purchasing an additional 9,023 shares during the period. Leo Wealth LLC grew its position in Waste Management by 122.6% during the 2nd quarter. Leo Wealth LLC now owns 2,090 shares of the business services provider's stock worth $478,000 after acquiring an additional 1,151 shares during the last quarter. InTrack Investment Management Inc grew its position in Waste Management by 0.8% during the 2nd quarter. InTrack Investment Management Inc now owns 5,856 shares of the business services provider's stock worth $1,340,000 after acquiring an additional 49 shares during the last quarter. Trifecta Capital Advisors LLC grew its position in Waste Management by 448.4% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 1,223 shares of the business services provider's stock worth $280,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in Waste Management by 30.8% during the 2nd quarter. Vontobel Holding Ltd. now owns 405,298 shares of the business services provider's stock worth $92,740,000 after acquiring an additional 95,400 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Oppenheimer decreased their price target on Waste Management from $265.00 to $262.00 and set an "outperform" rating on the stock in a research report on Wednesday. Scotiabank increased their price target on Waste Management from $265.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Thursday, July 31st. CIBC increased their price target on Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. National Bankshares decreased their price target on Waste Management from $250.00 to $243.00 and set a "sector perform" rating on the stock in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Waste Management in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.37.

Waste Management Stock Performance

WM stock opened at $220.00 on Thursday. The business's fifty day moving average is $223.47 and its 200-day moving average is $228.09. 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 company has a market cap of $88.62 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 2.66 and a beta of 0.64. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last posted 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 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 firm's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior 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 EPS for the current year.

Waste Management Announces Dividend

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

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