Private Capital Advisors Inc. Purchases Shares of 18,438 Waste Management, Inc. $WM

Private Capital Advisors Inc. purchased a new stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,438 shares of the business services provider's stock, valued at approximately $4,219,000. Waste Management accounts for approximately 0.5% of Private Capital Advisors Inc.'s portfolio, making the stock its 27th largest holding.

A number of other hedge funds also recently bought and sold shares of WM. Brighton Jones LLC boosted its holdings 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 valued at $1,384,000 after acquiring an additional 2,320 shares during the period. Sprott Inc. bought a new stake in Waste Management during the first quarter valued at about $325,000. GAMMA Investing LLC lifted its stake in shares of Waste Management by 13.1% in the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock valued at $1,909,000 after buying an additional 958 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of Waste Management by 58.6% in the first quarter. JFS Wealth Advisors LLC now owns 579 shares of the business services provider's stock valued at $134,000 after buying an additional 214 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Waste Management by 7.1% in the first quarter. Asset Management One Co. Ltd. now owns 205,144 shares of the business services provider's stock valued at $47,493,000 after buying an additional 13,529 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

NYSE WM opened at $214.73 on Wednesday. The firm has a market cap of $86.50 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.65 and a beta of 0.64. The company has a 50 day moving average of $220.60 and a 200-day moving average of $227.20. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58.

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 for the quarter, topping the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company's revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management's dividend payout ratio (DPR) is currently 48.96%.

Wall Street Analyst Weigh In

WM has been the subject of several research reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $229.00 target price on shares of Waste Management in a research note on Thursday, June 26th. William Blair reiterated an "outperform" rating on shares of Waste Management in a research note on Tuesday, July 29th. Barclays cut their price target on shares of Waste Management from $272.00 to $271.00 and set an "overweight" rating for the company in a research note on Thursday, October 9th. Scotiabank raised their price target on shares of Waste Management from $265.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Thursday, July 31st. Finally, Citigroup cut their price target on shares of Waste Management from $275.00 to $268.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $253.00.

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.

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.