Moseley Investment Management Inc. Has $1.09 Million Stock Position in Waste Management, Inc. $WM

Key Points

• Moseley Investment Management Inc. increased its investment in Waste Management, Inc. by 238.7% during the 2nd quarter, holding 4,779 shares valued at approximately $1.09 million.
• Waste Management recently reported $1.92 earnings per share for the last quarter, surpassing analysts' expectations, and experienced a 19% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.825 per share, representing an annualized rate of $3.30 and a dividend yield of 1.5%.

Moseley Investment Management Inc. lifted its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 238.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,779 shares of the business services provider's stock after acquiring an additional 3,368 shares during the period. Moseley Investment Management Inc.'s holdings in Waste Management were worth $1,094,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after buying an additional 2,320 shares in the last quarter. Zevenbergen Capital Investments LLC boosted its stake in Waste Management by 30.4% during the second quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider's stock worth $2,158,000 after buying an additional 2,200 shares in the last quarter. Empowered Funds LLC boosted its stake in Waste Management by 82.9% during the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider's stock worth $5,248,000 after buying an additional 10,272 shares in the last quarter. BROOKFIELD Corp ON boosted its stake in Waste Management by 25.1% during the first quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider's stock worth $4,661,000 after buying an additional 4,043 shares in the last quarter. Finally, Czech National Bank boosted its stake in shares of Waste Management by 6.7% in the 2nd quarter. Czech National Bank now owns 89,510 shares of the business services provider's stock valued at $20,482,000 after purchasing an additional 5,620 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Trading Down 1.1%

WM opened at $217.56 on Friday. 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 $87.64 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 2.71 and a beta of 0.64. The firm has a 50 day simple moving average of $223.24 and a 200 day simple moving average of $228.03. 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 posted its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management's payout ratio is 48.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Raymond James Financial boosted their target price on shares of Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Erste Group Bank downgraded shares of Waste Management from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Barclays reduced their target price on shares of Waste Management from $272.00 to $271.00 and set an "overweight" rating on the stock in a research note on Thursday. Stifel Nicolaus initiated coverage on Waste Management in a report on Tuesday, September 30th. They set a "buy" rating and a $252.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $229.00 price target on shares of Waste Management in a report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $254.32.

Waste Management Company 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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