Vigilare Wealth Management Increases Stock Holdings in Waste Management, Inc. $WM

Key Points

• Vigilare Wealth Management increased its holdings in Waste Management, Inc. by 80.4% during the second quarter, owning a total of 3,068 shares worth approximately $702,000.
• Waste Management reported $1.92 earnings per share for the last quarter, surpassing estimates, with a 19.0% annual revenue growth.
• The company recently announced a quarterly dividend of $0.825, reflecting a 1.5% dividend yield for investors.

Vigilare Wealth Management lifted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 80.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,068 shares of the business services provider's stock after acquiring an additional 1,367 shares during the period. Vigilare Wealth Management's holdings in Waste Management were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WM. McAdam LLC lifted its position in Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider's stock worth $343,000 after acquiring an additional 44 shares in the last quarter. Stonebridge Financial Group LLC raised 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 purchasing an additional 45 shares in the last quarter. Formidable Asset Management LLC increased its holdings 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 last quarter. KRS Capital Management LLC increased its holdings 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 last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Waste Management by 3.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider's stock valued at $349,000 after acquiring an additional 46 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Trading Up 0.6%

NYSE:WM opened at $220.85 on Wednesday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market cap of $88.97 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 2.68 and a beta of 0.64. The business has a fifty day moving average of $224.93 and a 200-day moving average of $228.43. 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 announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company's revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Equities analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.825 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management's dividend payout ratio is 48.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WM shares. Erste Group Bank downgraded Waste Management from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. William Blair reiterated an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $229.00 price target on shares of Waste Management in a report on Thursday, June 26th. Melius Research upgraded Waste Management to a "strong-buy" rating and set a $263.00 price objective for the company in a research note on Monday, June 9th. Finally, Stifel Nicolaus started coverage on Waste Management in a research note on Tuesday. They set a "buy" rating and a $252.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine 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 price target of $255.17.

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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