Waste Management, Inc. $WM Shares Purchased by Kozak & Associates Inc.

Key Points

• Kozak & Associates Inc. significantly increased its holdings in Waste Management, Inc. by 3,517.9% during the second quarter, owning 4,052 shares valued at $915,000.
• Waste Management reported a 19.0% increase in revenue year-over-year for the quarter, with $6.43 billion compared to analyst estimates of $6.37 billion.
• The company declared a quarterly dividend of $0.825 per share, translating to an annualized dividend yield of 1.5%, set to be paid to investors of record by September 26th.

Kozak & Associates Inc. lifted its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 3,517.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,052 shares of the business services provider's stock after buying an additional 3,940 shares during the quarter. Waste Management makes up 0.2% of Kozak & Associates Inc.'s holdings, making the stock its 27th largest position. Kozak & Associates Inc.'s holdings in Waste Management were worth $915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after purchasing an additional 2,320 shares during the period. Empowered Funds LLC raised its holdings in shares of Waste Management by 82.9% during the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider's stock valued at $5,248,000 after acquiring an additional 10,272 shares during the last quarter. Zevenbergen Capital Investments LLC raised its holdings in shares of Waste Management by 30.4% during the second quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider's stock valued at $2,158,000 after acquiring an additional 2,200 shares during the last quarter. BROOKFIELD Corp ON raised its holdings in shares of Waste Management by 25.1% during the first quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider's stock valued at $4,661,000 after acquiring an additional 4,043 shares during the last quarter. Finally, Czech National Bank raised its holdings in shares of Waste Management by 6.7% during the second quarter. Czech National Bank now owns 89,510 shares of the business services provider's stock valued at $20,482,000 after acquiring an additional 5,620 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Stock Performance

Shares of WM traded up $0.69 during midday trading on Monday, reaching $217.09. 985,514 shares of the stock were exchanged, compared to its average volume of 1,709,097. The business's 50-day moving average price is $226.04 and its 200 day moving average price is $228.78. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The company has a market capitalization of $87.45 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.65 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the company posted $1.82 earnings per share. 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 fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 12th. Waste Management's payout ratio is currently 48.96%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WM. Scotiabank increased their target price on Waste Management from $265.00 to $275.00 and gave the company a "sector outperform" rating in a report on Thursday, July 31st. BMO Capital Markets increased their target price on Waste Management from $245.00 to $248.00 and gave the company a "market perform" rating in a report on Wednesday, July 30th. Oppenheimer upped their price target on Waste Management from $260.00 to $265.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Barclays started coverage on Waste Management in a research report on Friday. They issued an "overweight" rating and a $272.00 price target for the company. Finally, UBS Group upped their price target on Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $255.17.

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.