Waste Management, Inc. $WM Stock Position Raised by Callan Family Office LLC

Callan Family Office LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 205.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,196 shares of the business services provider's stock after acquiring an additional 10,886 shares during the quarter. Callan Family Office LLC's holdings in Waste Management were worth $3,706,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WM. Valeo Financial Advisors LLC boosted its stake in shares of Waste Management by 15,782.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider's stock worth $395,512,000 after acquiring an additional 1,717,603 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Waste Management in the first quarter valued at $333,089,000. Ameriprise Financial Inc. lifted its holdings in shares of Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider's stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Waste Management by 26.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider's stock valued at $774,000,000 after purchasing an additional 709,557 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Waste Management by 738.2% in the first quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider's stock valued at $175,766,000 after purchasing an additional 668,637 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Up 0.7%

Waste Management stock opened at $219.09 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 has a market capitalization of $88.26 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.68 and a beta of 0.64. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The company's fifty day moving average price is $223.04 and its two-hundred day moving average price is $227.98.

Waste Management (NYSE:WM - Get Free Report) last posted its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on WM. CIBC increased their target price on Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Raymond James Financial increased their target price on Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. William Blair restated an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. Weiss Ratings reiterated a "buy (b)" rating on shares of Waste Management in a report on Wednesday. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Waste Management has a consensus rating of "Moderate Buy" and a consensus price target of $254.32.

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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