Punch & Associates Investment Management Inc. reduced its position in Waste Management, Inc. (NYSE:WM - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,811 shares of the business services provider's stock after selling 8,149 shares during the quarter. Punch & Associates Investment Management Inc.'s holdings in Waste Management were worth $9,911,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of WM. Brighton Jones LLC grew its position 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 valued at $1,384,000 after acquiring an additional 2,320 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in Waste Management by 14.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider's stock valued at $25,193,000 after acquiring an additional 15,974 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of Waste Management during the fourth quarter worth about $823,000. CoreCap Advisors LLC grew its position in shares of Waste Management by 3.8% during the fourth quarter. CoreCap Advisors LLC now owns 3,264 shares of the business services provider's stock worth $659,000 after buying an additional 119 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its position in shares of Waste Management by 4.8% during the fourth quarter. EP Wealth Advisors LLC now owns 17,256 shares of the business services provider's stock worth $3,482,000 after buying an additional 786 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Raymond James Financial boosted 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. Oppenheimer boosted their price objective 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 boosted their price objective on Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Melius began coverage on Waste Management in a research note on Monday, June 9th. They set a "buy" rating for the company. Finally, Melius Research upgraded Waste Management to a "strong-buy" rating and set a $263.00 target price for the company in a research note on Monday, June 9th. Two equities research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $254.35.
View Our Latest Report on Waste Management
Waste Management Price Performance
Shares of NYSE WM opened at $220.08 on Friday. The stock has a market cap of $88.65 billion, a P/E ratio of 32.65, a P/E/G ratio of 2.76 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The stock has a 50 day moving average of $227.85 and a two-hundred day moving average of $229.65. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.
Waste Management Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.825 dividend. The ex-dividend date of this dividend is 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 presently 48.96%.
About Waste Management
(
Free Report)
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.
Further Reading
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