MBB Public Markets I LLC Makes New $333,000 Investment in Waste Management, Inc. $WM

Key Points

• MBB Public Markets I LLC has made a new investment of $333,000 in Waste Management, Inc., purchasing 1,440 shares during the first quarter.
• Waste Management announced a quarterly dividend of $0.825 per share, to be paid on September 26th, with a yield of 1.5%.
• Stock analysts have issued a mostly positive outlook on Waste Management, with the average price target set at $254.35 and ratings reflecting a strong buy sentiment.

MBB Public Markets I LLC acquired a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,440 shares of the business services provider's stock, valued at approximately $333,000.

Several other large investors have also modified their holdings of WM. Ascent Group LLC increased its position in shares of Waste Management by 0.6% during the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock worth $1,520,000 after purchasing an additional 44 shares in the last quarter. Insight Wealth Strategies LLC increased its position in shares of Waste Management by 0.4% in the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider's stock valued at $2,698,000 after acquiring an additional 44 shares during the period. Stonebridge Financial Group LLC increased its position in shares of Waste Management by 3.0% in the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock valued at $355,000 after acquiring an additional 45 shares during the period. Formidable Asset Management LLC increased its position in shares of Waste Management by 2.0% in the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider's stock valued at $536,000 after acquiring an additional 45 shares during the period. Finally, KRS Capital Management LLC increased its position in shares of Waste Management by 3.1% in the 1st quarter. KRS Capital Management LLC now owns 1,548 shares of the business services provider's stock valued at $358,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Stock Down 2.2%

WM stock opened at $220.08 on Monday. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The company has a market cap of $88.65 billion, a P/E ratio of 32.65, a P/E/G ratio of 2.70 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The company's 50-day moving average price is $227.85 and its 200 day moving average price is $229.66.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the prior year, the firm posted $1.82 earnings per share. The company's quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed 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 of this dividend is Friday, September 12th. Waste Management's dividend payout ratio (DPR) is currently 48.96%.

Wall Street Analyst Weigh In

Several research firms have commented on WM. JPMorgan Chase & Co. raised shares of Waste Management from a "neutral" rating to an "overweight" rating and upped their price target for the company from $225.00 to $277.00 in a report on Friday, May 23rd. National Bank Financial raised shares of Waste Management to a "hold" rating in a research note on Monday, May 26th. Raymond James Financial increased their target price on shares of Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Melius Research upgraded shares of Waste Management to a "strong-buy" rating and set a $263.00 price target for the company in a research report on Monday, June 9th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $254.35.

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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