MGO One Seven LLC Increases Stock Position in Waste Management, Inc. $WM

MGO One Seven LLC increased its position in Waste Management, Inc. (NYSE:WM) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,509 shares of the business services provider’s stock after buying an additional 627 shares during the period. MGO One Seven LLC’s holdings in Waste Management were worth $3,091,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC raised its holdings in shares of Waste Management by 126.9% during the 1st 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 in the last quarter. Saudi Central Bank purchased a new stake in Waste Management during the first quarter valued at $37,000. GKV Capital Management Co. Inc. purchased a new stake in Waste Management during the first quarter valued at $38,000. New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management during the 1st quarter valued at about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Waste Management by 381.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after buying an additional 160 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WM. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. National Bankshares decreased their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Citigroup decreased their price target on Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. William Blair restated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Finally, Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $254.32.

Waste Management Stock Performance

WM stock opened at $217.17 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The business’s fifty day simple moving average is $222.78 and its two-hundred day simple moving average is $227.89. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The firm has a market cap of $87.48 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.70 and a beta of 0.64.

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

Waste Management Dividend Announcement

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