KWB Wealth Buys 47 Shares of Waste Management, Inc. $WM

KWB Wealth increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,607 shares of the business services provider’s stock after purchasing an additional 47 shares during the period. KWB Wealth’s holdings in Waste Management were worth $835,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WM. Westend Capital Management LLC increased its stake 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 worth $27,000 after acquiring an additional 66 shares during the last quarter. West Branch Capital LLC lifted its stake in shares of Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after acquiring an additional 49 shares during the period. Saudi Central Bank bought a new stake in shares of Waste Management during the 1st quarter worth $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management in the 1st quarter valued at about $38,000. Finally, New Age Alpha Advisors LLC acquired a new position in Waste Management during the first quarter worth $45,000. 80.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WM. Royal Bank Of Canada reiterated a “sector perform” rating and set a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. Melius assumed coverage on Waste Management in a research report on Monday, June 9th. They set a “buy” rating for the company. Barclays began coverage on Waste Management in a report on Friday, September 19th. They set an “overweight” rating and a $272.00 price objective for the company. Oppenheimer lifted their target price 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, CIBC raised their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $255.17.

Waste Management Stock Up 0.7%

WM opened at $218.76 on Friday. The stock’s fifty day moving average is $225.18 and its 200-day moving average is $228.49. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The company has a market capitalization of $88.12 billion, a PE ratio of 32.46, a P/E/G ratio of 2.67 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.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. The business had revenue of $6.43 billion during 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 company’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

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

About Waste Management

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.