Kavar Capital Partners Group LLC Acquires 1,705 Shares of Waste Management, Inc. $WM

Key Points

• Kavar Capital Partners Group LLC increased its holdings in Waste Management, Inc. by 29.2% during Q2, now owning 7,544 shares valued at $1,726,000.
• Several institutional investors, including Janney Montgomery Scott and GC Wealth Management RIA, also expanded their stakes in Waste Management, highlighting strong institutional interest.
• Waste Management reported Q2 earnings of $1.92 EPS, exceeding analysts' expectations, and provided a dividend of $0.825 per share, reflecting a 1.5% annualized yield.

Kavar Capital Partners Group LLC lifted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 29.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,544 shares of the business services provider's stock after purchasing an additional 1,705 shares during the period. Kavar Capital Partners Group LLC's holdings in Waste Management were worth $1,726,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its position in Waste Management by 1.1% in the second quarter. Janney Montgomery Scott LLC now owns 253,923 shares of the business services provider's stock worth $58,103,000 after acquiring an additional 2,675 shares during the period. Wolff Wiese Magana LLC increased its stake in shares of Waste Management by 8.9% during the 2nd quarter. Wolff Wiese Magana LLC now owns 4,027 shares of the business services provider's stock worth $921,000 after purchasing an additional 329 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in Waste Management by 19.8% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 12,490 shares of the business services provider's stock valued at $2,858,000 after purchasing an additional 2,066 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its holdings in Waste Management by 5.3% during the second quarter. Moss Adams Wealth Advisors LLC now owns 1,590 shares of the business services provider's stock valued at $364,000 after purchasing an additional 80 shares during the period. Finally, GC Wealth Management RIA LLC increased its position in Waste Management by 75.6% in the second quarter. GC Wealth Management RIA LLC now owns 4,348 shares of the business services provider's stock worth $995,000 after buying an additional 1,872 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WM shares. UBS Group increased their price target on Waste Management from $260.00 to $265.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. William Blair reiterated an "outperform" rating on shares of Waste Management in a research note on Tuesday, July 29th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. Citigroup cut their price objective on shares of Waste Management from $275.00 to $268.00 and set a "buy" rating for the company in a report on Tuesday, September 16th. Finally, Erste Group Bank cut shares of Waste Management from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $255.17.

Waste Management Trading Up 0.2%

NYSE WM opened at $219.24 on Tuesday. 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 stock's 50-day simple moving average is $225.05 and its two-hundred day simple moving average is $228.48. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The company has a market capitalization of $88.31 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.67 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.03. The firm had revenue of $6.43 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management's 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.

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