Waste Management, Inc. $WM Shares Acquired by Resources Management Corp CT ADV

Key Points

• Resources Management Corp CT ADV increased its stake in Waste Management by 8.2%, owning 17,917 shares valued at approximately $4.15 million as of the latest SEC filing.
• Waste Management reported a year-over-year revenue increase of 19%, with net earnings per share of $1.92, exceeding analysts' expectations by $0.03.
• The company declared a quarterly dividend of $0.825 per share, set to be paid on September 26th, reflecting an annualized yield of 1.5% and a payout ratio of 48.96%.

Resources Management Corp CT ADV boosted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,917 shares of the business services provider's stock after acquiring an additional 1,364 shares during the period. Resources Management Corp CT ADV's holdings in Waste Management were worth $4,148,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WM. Ameriprise Financial Inc. lifted its stake in 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 buying an additional 1,239,996 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Waste Management by 1.8% in the first quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider's stock worth $941,709,000 after acquiring an additional 70,907 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 during the last quarter. Dimensional Fund Advisors LP increased its position in Waste Management by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider's stock worth $570,108,000 after purchasing an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Waste Management by 1.4% in the 1st 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 purchasing an additional 29,715 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Down 0.7%

NYSE WM traded down $1.49 during mid-day trading on Wednesday, hitting $217.67. The company's stock had a trading volume of 1,183,396 shares, compared to its average volume of 1,715,270. The firm has a market capitalization of $87.68 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. 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 52-week low of $199.69 and a 52-week high of $242.58. The stock's fifty day simple moving average is $227.46 and its two-hundred day simple moving average is $229.53.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (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 the consensus estimate of $6.37 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. Waste Management's revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WM. UBS Group raised their price target on shares of Waste Management from $260.00 to $265.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Scotiabank lifted their target price on shares of Waste Management from $265.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Thursday, July 31st. BMO Capital Markets boosted their price target on Waste Management from $245.00 to $248.00 and gave the company a "market perform" rating in a report on Wednesday, July 30th. Melius started coverage on Waste Management in a report on Monday, June 9th. They set a "buy" rating on the stock. Finally, William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.