Uhlmann Price Securities LLC Makes New $315,000 Investment in Waste Management, Inc. $WM

Key Points

• Uhlmann Price Securities LLC made a new investment of $315,000 in Waste Management, acquiring 1,377 shares during the second quarter.
• Waste Management saw significant interest from institutional investors, with Ameriprise Financial increasing its stake by 30.4% and Northern Trust Corp raising its position by 1.8% during the first quarter.
• Waste Management recently announced a quarterly dividend of $0.825, translating to an annual yield of 1.5%, while maintaining a healthy dividend payout ratio of 48.96%.

Uhlmann Price Securities LLC purchased a new position in Waste Management, Inc. (NYSE:WM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,377 shares of the business services provider's stock, valued at approximately $315,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WM. Ameriprise Financial Inc. grew its stake in shares of Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider's stock worth $1,233,240,000 after acquiring an additional 1,239,996 shares during the last quarter. Northern Trust Corp grew its position in Waste Management by 1.8% during the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider's stock valued at $941,709,000 after purchasing an additional 70,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Waste Management by 26.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider's stock valued at $774,000,000 after purchasing an additional 709,557 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Waste Management by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider's stock worth $570,108,000 after buying an additional 36,836 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Waste Management by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider's stock valued at $505,137,000 after buying an additional 29,715 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Waste Management in a report on Wednesday, October 8th. UBS Group lowered their price target on Waste Management from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Thursday. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a research report on Thursday, June 26th. Citigroup decreased their target price on Waste Management from $275.00 to $268.00 and set a "buy" rating for the company in a research report on Tuesday, September 16th. Finally, National Bankshares dropped their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $253.00.

Waste Management Stock Up 1.1%

WM stock opened at $215.59 on Monday. The business's 50-day moving average is $221.39 and its two-hundred day moving average is $227.35. The company has a market cap of $86.85 billion, a price-to-earnings ratio of 31.99, a P/E/G 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 debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

Waste Management (NYSE:WM - Get Free Report) last issued 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 firm had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

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 is 48.96%.

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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