Waste Management, Inc. $WM Shares Purchased by USA Financial Formulas

USA Financial Formulas increased its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 361.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,973 shares of the business services provider's stock after purchasing an additional 4,679 shares during the quarter. USA Financial Formulas' holdings in Waste Management were worth $1,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. McAdam LLC grew its stake 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 buying an additional 44 shares during the last quarter. Stonebridge Financial Group LLC grew its stake in Waste Management by 3.0% during the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock worth $355,000 after buying an additional 45 shares during the last quarter. Formidable Asset Management LLC grew its stake in Waste Management by 2.0% during the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider's stock worth $536,000 after buying an additional 45 shares during the last quarter. KRS Capital Management LLC grew its stake in Waste Management by 3.1% during the 1st quarter. KRS Capital Management LLC now owns 1,548 shares of the business services provider's stock worth $358,000 after buying an additional 46 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in Waste Management by 3.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider's stock worth $349,000 after buying an additional 46 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. William Blair restated an "outperform" rating on shares of Waste Management in a research note on Tuesday, July 29th. Oppenheimer raised their price target on Waste Management from $260.00 to $265.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Raymond James Financial increased their price objective on Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a research report on Thursday, June 26th. Finally, Erste Group Bank cut Waste Management from a "buy" rating to a "hold" rating in a research report on Thursday, September 11th. Two equities research 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $255.17.

Waste Management Stock Down 0.3%

WM opened at $220.10 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 business has a 50 day simple moving average of $224.77 and a 200-day simple moving average of $228.37. The stock has a market capitalization of $88.66 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.70 and a beta of 0.64. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS 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 analysts' expectations of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company's quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

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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