Waste Management, Inc. $WM Shares Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC increased its stake in Waste Management, Inc. by 655.5% during the first quarter, owning 13,713 shares worth approximately $3.17 million.
• The company reported $1.92 EPS for the last quarter, exceeding estimates, with a 19.0% year-over-year revenue increase to $6.43 billion.
• Waste Management declared a quarterly dividend of $0.825 per share, which will be paid on September 26th, representing a 1.5% yield.

Integrity Alliance LLC. raised its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 655.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,713 shares of the business services provider's stock after buying an additional 11,898 shares during the period. Integrity Alliance LLC.'s holdings in Waste Management were worth $3,175,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Westend Capital Management LLC lifted its stake in Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock worth $27,000 after purchasing an additional 66 shares during the last quarter. West Branch Capital LLC lifted its position in shares of Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock worth $28,000 after buying an additional 49 shares during the last quarter. Saudi Central Bank purchased a new position in shares of Waste Management in the 1st quarter valued at $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management during the 1st quarter worth $38,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Waste Management in the first quarter valued at $45,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

NYSE:WM opened at $217.67 on Thursday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The firm has a market cap of $87.68 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. The firm's fifty day moving average price is $227.34 and its 200 day moving average price is $229.45. 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 released its 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. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.37 billion. During the same quarter last year, the business earned $1.82 EPS. The business's revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management's payout ratio is presently 48.96%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WM shares. Raymond James Financial raised their price objective on Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Oppenheimer lifted their price target on Waste Management from $260.00 to $265.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. CIBC increased their price objective on Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. raised shares of Waste Management from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $225.00 to $277.00 in a report on Friday, May 23rd. Finally, Melius Research upgraded shares of Waste Management to a "strong-buy" rating and set a $263.00 price target for the company in a research note on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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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