Waste Management, Inc. $WM Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. reduced its stake in Waste Management, Inc. by 1.9%, now holding 201,295 shares valued at approximately $46 million.
• The company's most recent earnings report showed a Q2 EPS of $1.92, surpassing expectations, along with revenue of $6.43 billion—a 19% year-over-year increase.
• Waste Management declared a quarterly dividend of $0.825 per share, resulting in an annualized dividend yield of 1.5%, with a payout ratio of approximately 49%.

Asset Management One Co. Ltd. lessened its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,295 shares of the business services provider's stock after selling 3,849 shares during the period. Asset Management One Co. Ltd. owned 0.05% of Waste Management worth $46,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Westend Capital Management LLC lifted its position in Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after purchasing an additional 66 shares during the period. Saudi Central Bank acquired a new stake in Waste Management in the first quarter valued at about $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management in the first quarter valued at about $38,000. New Age Alpha Advisors LLC acquired a new stake in Waste Management in the first quarter valued at about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Waste Management by 381.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider's stock valued at $47,000 after buying an additional 160 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Down 0.7%

NYSE WM opened at $214.56 on Friday. 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 company's 50 day simple moving average is $219.89 and its 200 day simple moving average is $227.08. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The company has a market capitalization of $86.43 billion, a P/E ratio of 31.83, a PEG ratio of 2.66 and a beta of 0.64.

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 analysts' consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the previous year, the firm earned $1.82 EPS. The business'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. Equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. William Blair reiterated an "outperform" rating on shares of Waste Management in a research report on Tuesday, July 29th. Weiss Ratings restated a "buy (b)" rating on shares of Waste Management in a research report on Friday. National Bankshares cut their price target on shares of Waste Management from $250.00 to $243.00 and set a "sector perform" rating on the stock in a research note on Tuesday, October 7th. Stifel Nicolaus started coverage on shares of Waste Management in a research note on Tuesday, September 30th. They issued a "buy" rating and a $252.00 target price on the stock. Finally, Raymond James Financial raised their target price on shares of Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, Waste Management presently has an average rating of "Moderate Buy" and an average target price of $253.00.

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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