Johnson Investment Counsel Inc. Has $125.77 Million Stock Position in Waste Management, Inc. $WM

Johnson Investment Counsel Inc. boosted its position in Waste Management, Inc. (NYSE:WMFree Report) by 1.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 549,636 shares of the business services provider’s stock after acquiring an additional 6,026 shares during the period. Waste Management makes up about 1.1% of Johnson Investment Counsel Inc.’s portfolio, making the stock its 20th largest position. Johnson Investment Counsel Inc.’s holdings in Waste Management were worth $125,768,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Westend Capital Management LLC lifted 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 worth $27,000 after acquiring an additional 66 shares during the last quarter. West Branch Capital LLC lifted its position in Waste Management by 69.0% during the first 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 last quarter. Saudi Central Bank acquired a new stake in Waste Management during the first quarter worth approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management during the first quarter worth approximately $38,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Waste Management during the first quarter worth approximately $45,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

Shares of NYSE:WM opened at $219.09 on Friday. The company’s 50 day simple moving average is $223.04 and its 200 day simple moving average is $227.97. The stock has a market capitalization of $88.26 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58.

Waste Management (NYSE:WMGet Free Report) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.825 dividend. 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 dividend payout ratio (DPR) is 48.96%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WM shares. Barclays cut their price objective on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research report on Thursday. Stifel Nicolaus initiated coverage on shares of Waste Management in a report on Tuesday, September 30th. They set a “buy” rating and a $252.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. BMO Capital Markets raised their target price on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Finally, UBS Group raised their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.32.

Get Our Latest Stock Analysis on Waste Management

About Waste Management

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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