Voleon Capital Management LP Has $7.98 Million Stake in Waste Management, Inc. $WM

Key Points

• Voleon Capital Management LP increased its stake in Waste Management, Inc. (NYSE:WM) by 28.1%, owning a total of 34,480 shares worth approximately $7.98 million.
• Waste Management reported $1.92 earnings per share for the last quarter, surpassing estimates, with a 19% year-on-year revenue increase to $6.43 billion.
• The company will pay a quarterly dividend of $0.825 on September 26th, yielding 1.5% annually, with a payout ratio of 48.96%.

Voleon Capital Management LP grew its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 28.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,480 shares of the business services provider's stock after purchasing an additional 7,569 shares during the period. Voleon Capital Management LP's holdings in Waste Management were worth $7,982,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings in shares of Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider's stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares during the period. Northern Trust Corp raised its position in Waste Management by 1.8% during the first quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider's stock valued at $941,709,000 after acquiring an additional 70,907 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Waste Management by 7.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,633,710 shares of the business services provider's stock valued at $531,456,000 after acquiring an additional 177,398 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Waste Management by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider's stock valued at $570,108,000 after acquiring an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in 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 acquiring an additional 29,715 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Stock Down 2.2%

WM opened at $220.08 on Monday. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The stock has a market capitalization of $88.65 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 2.70 and a beta of 0.64. The business has a 50 day moving average of $227.85 and a 200-day moving average of $229.66.

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, beating the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.37 billion. During the same period in the prior year, the business earned $1.82 earnings per share. Waste Management's revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, September 12th. Waste Management's dividend payout ratio is currently 48.96%.

Analyst Ratings Changes

WM has been the subject of a number of recent research reports. Melius Research upgraded shares of Waste Management to a "strong-buy" rating and set a $263.00 price objective for the company in a report on Monday, June 9th. Raymond James Financial upped their price objective on shares of Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. National Bank Financial upgraded shares of Waste Management to a "hold" rating in a report on Monday, May 26th. UBS Group upped their price objective on shares of Waste Management from $260.00 to $265.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Melius began coverage on Waste Management in a research report on Monday, June 9th. They set a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, Waste Management currently has a consensus rating of "Moderate Buy" and an average target price of $254.35.

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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