Private Capital Advisors Inc. Purchases New Holdings in Waste Management, Inc. $WM

Private Capital Advisors Inc. purchased a new stake in Waste Management, Inc. (NYSE:WMFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,438 shares of the business services provider’s stock, valued at approximately $4,219,000. Waste Management makes up 0.5% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zevenbergen Capital Investments LLC boosted its stake in Waste Management by 30.4% in the second quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock valued at $2,158,000 after acquiring an additional 2,200 shares during the last quarter. Brighton Jones LLC boosted its stake in Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after acquiring an additional 2,320 shares during the last quarter. Empowered Funds LLC boosted its stake in Waste Management by 82.9% in the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider’s stock valued at $5,248,000 after acquiring an additional 10,272 shares during the last quarter. BROOKFIELD Corp ON boosted its stake in Waste Management by 25.1% in the first quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider’s stock valued at $4,661,000 after acquiring an additional 4,043 shares during the last quarter. Finally, Czech National Bank boosted its stake in Waste Management by 6.7% in the second quarter. Czech National Bank now owns 89,510 shares of the business services provider’s stock valued at $20,482,000 after acquiring an additional 5,620 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Down 0.3%

WM opened at $214.73 on Wednesday. The stock has a market capitalization of $86.50 billion, a P/E ratio of 31.86, a P/E/G ratio of 2.65 and a beta of 0.64. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The firm’s fifty day simple moving average is $220.60 and its 200 day simple moving average is $227.20. 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 (NYSE:WMGet Free Report) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate 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 revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 annualized dividend and a yield of 1.5%. Waste Management’s payout ratio is 48.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WM shares. Citigroup reduced their price target on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Stifel Nicolaus started coverage on shares of Waste Management in a research report on Tuesday, September 30th. They set a “buy” rating and a $252.00 price target on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Finally, Barclays reduced 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 report on Thursday, October 9th. Two research 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, Waste Management has an average rating of “Moderate Buy” and an average price target of $253.00.

View Our Latest Stock Report on Waste Management

Waste Management Company Profile

(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.

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

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