Uhlmann Price Securities LLC Acquires New Position in Waste Management, Inc. $WM

Uhlmann Price Securities LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) during the second quarter, HoldingsChannel.com reports. The firm bought 1,377 shares of the business services provider’s stock, valued at approximately $315,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after buying an additional 2,320 shares in the last quarter. Sprott Inc. purchased a new position in shares of Waste Management in the first quarter valued at about $325,000. GAMMA Investing LLC boosted its stake in shares of Waste Management by 13.1% in the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider’s stock worth $1,909,000 after acquiring an additional 958 shares during the period. ORG Partners LLC grew its position in shares of Waste Management by 9.3% during the first quarter. ORG Partners LLC now owns 680 shares of the business services provider’s stock worth $159,000 after purchasing an additional 58 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in Waste Management during the 1st quarter valued at approximately $384,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

Waste Management stock opened at $215.59 on Monday. The company’s 50-day moving average price is $221.39 and its 200-day moving average price is $227.35. 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 company has a market cap of $86.85 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58.

Waste Management (NYSE:WM) last released its quarterly 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 analyst estimates of $6.37 billion. During the same quarter last year, the business posted $1.82 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio is presently 48.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WM shares. CIBC increased their price objective on shares of Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, June 26th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Barclays decreased their price target on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. UBS Group cut their price objective on Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a research report on Thursday, June 26th. Two equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $253.00.

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.