Ethic Inc. Purchases 215 Shares of Waste Management, Inc. $WM

Ethic Inc. lifted its position in Waste Management, Inc. (NYSE:WM) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,018 shares of the business services provider’s stock after purchasing an additional 215 shares during the quarter. Ethic Inc.’s holdings in Waste Management were worth $5,939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WM. Westend Capital Management LLC boosted its position in shares of Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after buying an additional 66 shares during the period. Saudi Central Bank purchased a new position in shares of Waste Management during the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. purchased a new position in shares of Waste Management during the first quarter valued at approximately $38,000. New Age Alpha Advisors LLC purchased a new position in shares of Waste Management during the first quarter valued at approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Waste Management by 381.0% during the first 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 during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $216.46 on Thursday. The business’s fifty day simple moving average is $220.33 and its 200-day simple moving average is $227.12. The company has a market cap of $87.20 billion, a PE ratio of 32.12, a PEG ratio of 2.65 and a beta of 0.64. 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.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) 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 the consensus estimate of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared 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 is presently 48.96%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WM shares. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Stifel Nicolaus started coverage on shares of Waste Management in a research note on Tuesday, September 30th. They set a “buy” rating and a $252.00 price target for the company. Oppenheimer decreased their price target on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. National Bankshares decreased their price target on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.