Motley Fool Asset Management LLC Boosts Stock Holdings in Waste Management, Inc. $WM

Motley Fool Asset Management LLC grew its position in shares of Waste Management, Inc. (NYSE:WM) by 13.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,882 shares of the business services provider’s stock after buying an additional 2,994 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Waste Management were worth $5,693,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank purchased a new stake in shares of Waste Management during the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management during the first quarter valued at approximately $38,000. Wealth Watch Advisors INC purchased a new stake in Waste Management in the second quarter worth approximately $43,000. New Age Alpha Advisors LLC purchased a new stake in Waste Management in the first quarter worth approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Waste Management by 381.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after purchasing an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WM shares. William Blair restated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Raymond James Financial raised their target price on shares of Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Scotiabank raised their target price on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 31st. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $253.00.

Waste Management Stock Down 0.5%

WM opened at $213.69 on Tuesday. 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 1-year low of $199.69 and a 1-year high of $242.58. The company has a market capitalization of $86.08 billion, a PE ratio of 31.70, a PEG ratio of 2.64 and a beta of 0.64. The firm’s 50 day simple moving average is $219.68 and its two-hundred day simple moving average is $227.10.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed 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. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is presently 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.