Waste Management, Inc. $WM Stock Holdings Lifted by Lincoln Capital Corp

Lincoln Capital Corp raised its position in Waste Management, Inc. (NYSE:WM) by 37.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,191 shares of the business services provider’s stock after purchasing an additional 327 shares during the quarter. Lincoln Capital Corp’s holdings in Waste Management were worth $273,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in WM. Westend Capital Management LLC raised its position in Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 66 shares in the last quarter. West Branch Capital LLC increased its stake in shares of Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after purchasing an additional 49 shares during the last quarter. Saudi Central Bank bought a new stake in Waste Management in the first quarter worth $37,000. GKV Capital Management Co. Inc. bought a new stake in Waste Management in the first quarter worth $38,000. Finally, New Age Alpha Advisors LLC bought a new stake in Waste Management in the first quarter worth $45,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Down 1.0%

Shares of WM stock opened at $214.01 on Wednesday. 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 $86.21 billion, a P/E ratio of 31.75, a P/E/G ratio of 2.65 and a beta of 0.64. The firm has a 50-day moving average price of $226.63 and a 200 day moving average price of $229.08. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Research 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 disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid 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 yield of 1.5%. Waste Management’s payout ratio is currently 48.96%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WM. Citigroup reduced their price target on Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research report on Tuesday. Scotiabank increased their price target on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. Melius began coverage on Waste Management in a report on Monday, June 9th. They set a “buy” rating on the stock. Oppenheimer upped their price objective on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, National Bank Financial raised shares of Waste Management to a “hold” rating in a research report on Monday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $254.18.

Waste Management Company 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.