Marietta Wealth Management LLC Has $7.95 Million Stock Position in Waste Management, Inc. $WM

Marietta Wealth Management LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,761 shares of the business services provider’s stock after purchasing an additional 390 shares during the quarter. Marietta Wealth Management LLC’s holdings in Waste Management were worth $7,954,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after acquiring an additional 1,239,996 shares during the period. Northern Trust Corp raised its stake in Waste Management by 1.8% in the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock valued at $941,709,000 after acquiring an additional 70,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Waste Management by 26.9% in the 1st 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 acquiring an additional 709,557 shares during the period. Dimensional Fund Advisors LP raised its stake in Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock valued at $570,108,000 after acquiring an additional 36,836 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Waste Management by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock valued at $505,137,000 after acquiring an additional 29,715 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

WM opened at $219.77 on Friday. The firm has a market cap of $88.53 billion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week 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. The business’s fifty day moving average is $224.29 and its 200-day moving average is $228.26.

Waste Management (NYSE:WM) last announced 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. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the prior year, the company earned $1.82 EPS. Waste Management’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WM. Melius Research upgraded Waste Management to a “strong-buy” rating and set a $263.00 price target on the stock in a research note on Monday, June 9th. Stifel Nicolaus started coverage on Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target on the stock. Melius started coverage on Waste Management in a report on Monday, June 9th. They issued a “buy” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. Finally, BMO Capital Markets upped their price objective on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $255.17.

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.