Mine & Arao Wealth Creation & Management LLC. Has $873,000 Stock Holdings in Waste Management, Inc. $WM

Mine & Arao Wealth Creation & Management LLC. boosted its position in Waste Management, Inc. (NYSE:WM) by 8.0% during the second quarter, Holdings Channel reports. The institutional investor owned 3,813 shares of the business services provider’s stock after purchasing an additional 284 shares during the quarter. Waste Management comprises approximately 0.4% of Mine & Arao Wealth Creation & Management LLC.’s portfolio, making the stock its 29th largest holding. Mine & Arao Wealth Creation & Management LLC.’s holdings in Waste Management were worth $873,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. raised its position 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 buying an additional 1,239,996 shares during the last quarter. Northern Trust Corp grew its stake in Waste Management by 1.8% in the first quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock valued at $941,709,000 after purchasing an additional 70,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Waste Management by 26.9% in the first 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 purchasing an additional 709,557 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Waste Management by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock valued at $570,108,000 after purchasing an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Waste Management by 1.4% in the first 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 purchasing an additional 29,715 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of analyst reports. Stifel Nicolaus initiated coverage on Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target for the company. William Blair restated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Barclays decreased their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $253.00.

Waste Management Stock Performance

Shares of NYSE WM opened at $212.99 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The stock has a 50 day moving average of $221.79 and a 200-day moving average of $227.59. The company has a market capitalization of $85.80 billion, a P/E ratio of 31.60, a P/E/G ratio of 2.63 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS 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 company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the previous year, the company posted $1.82 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

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

Waste Management 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.