WoodTrust Financial Corp Has $9.59 Million Position in Waste Management, Inc. $WM

Key Points

• WoodTrust Financial Corp increased its stake in Waste Management, Inc. by 6.6%, bringing its holdings to 41,915 shares, valued at approximately $9.59 million.
• Waste Management reported a 19% increase in quarterly revenue to $6.43 billion, with earnings per share exceeding estimates at $1.92 for the latest quarter.
• The company's dividend yield is currently at 1.5%, with a quarterly payout of $0.825 per share, reflecting a dividend payout ratio of 48.96%.

WoodTrust Financial Corp boosted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,915 shares of the business services provider's stock after buying an additional 2,586 shares during the period. Waste Management makes up about 1.1% of WoodTrust Financial Corp's portfolio, making the stock its 24th largest position. WoodTrust Financial Corp's holdings in Waste Management were worth $9,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WM. Brighton Jones LLC grew its position in Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock valued at $1,384,000 after buying an additional 2,320 shares during the period. Sprott Inc. purchased a new stake in shares of Waste Management in the first quarter worth about $325,000. Park Avenue Securities LLC raised its stake in Waste Management by 92.1% in the first quarter. Park Avenue Securities LLC now owns 12,858 shares of the business services provider's stock valued at $2,977,000 after purchasing an additional 6,165 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Waste Management by 25.0% in the first quarter. Wedge Capital Management L L P NC now owns 18,201 shares of the business services provider's stock valued at $4,214,000 after purchasing an additional 3,639 shares in the last quarter. Finally, Courier Capital LLC purchased a new position in shares of Waste Management during the first quarter worth approximately $471,000. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Stock Performance

WM stock opened at $217.54 on Wednesday. The firm has a market cap of $87.63 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.66 and a beta of 0.64. The firm has a 50-day simple moving average of $223.72 and a two-hundred day simple moving average of $228.15. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. The company's revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Erste Group Bank cut shares of Waste Management from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Royal Bank Of Canada restated a "sector perform" rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. William Blair reiterated an "outperform" rating on shares of Waste Management in a research note on Tuesday, July 29th. Raymond James Financial boosted their target price on Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, BMO Capital Markets boosted their target price on Waste Management from $245.00 to $248.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 30th. Two 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.53.

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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