Roman Butler Fullerton & Co. Boosts Position in Waste Management, Inc. $WM

Key Points

• Roman Butler Fullerton & Co. increased its holdings in Waste Management, Inc. by 148.9% during Q2, owning 6,697 shares valued at approximately $1.54 million.
• Wall Street analysts have varying views on Waste Management's stock, with price targets ranging from $229.00 to $265.00 and ratings including two "Strong Buy," fourteen "Buy," and ten "Hold" ratings.
• The company recently declared a quarterly dividend of $0.825, representing an annual yield of 1.5% and a dividend payout ratio of 48.96%.

Roman Butler Fullerton & Co. lifted its position in Waste Management, Inc. (NYSE:WM - Free Report) by 148.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,697 shares of the business services provider's stock after purchasing an additional 4,006 shares during the quarter. Roman Butler Fullerton & Co.'s holdings in Waste Management were worth $1,538,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westend Capital Management LLC grew its stake in shares of Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after buying an additional 66 shares during the period. Saudi Central Bank acquired a new position in Waste Management in the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. purchased a new position in Waste Management in the first quarter worth approximately $38,000. New Age Alpha Advisors LLC acquired a new stake in Waste Management during the first quarter worth $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in Waste Management by 381.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider's stock worth $47,000 after acquiring an additional 160 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WM. UBS Group lowered their price target on Waste Management from $265.00 to $240.00 and set a "neutral" rating for the company in a report on Thursday, October 16th. 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. CIBC boosted their price target on shares of Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. National Bankshares decreased their price objective on shares of Waste Management from $250.00 to $243.00 and set a "sector perform" rating on the stock in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $229.00 target price 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and an average price target of $253.00.

Waste Management Price Performance

Shares of WM opened at $216.46 on Thursday. The company has a market cap of $87.20 billion, a P/E ratio of 32.12, a PEG ratio of 2.65 and a beta of 0.64. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. 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 firm's 50 day moving average price is $220.33 and its 200 day moving average price is $227.12.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate 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%. The company's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts forecast 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 was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date 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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