Sculati Wealth Management LLC Has $1.02 Million Stock Position in Waste Management, Inc. $WM

Sculati Wealth Management LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 149.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,463 shares of the business services provider’s stock after purchasing an additional 2,672 shares during the quarter. Sculati Wealth Management LLC’s holdings in Waste Management were worth $1,021,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in shares of Waste Management by 3.2% during the 2nd quarter. Cetera Investment Advisers now owns 208,112 shares of the business services provider’s stock worth $47,620,000 after acquiring an additional 6,453 shares in the last quarter. Creative Planning lifted its stake in Waste Management by 6.7% during the second quarter. Creative Planning now owns 157,170 shares of the business services provider’s stock worth $35,964,000 after purchasing an additional 9,878 shares during the last quarter. Sustainable Growth Advisers LP increased its stake in shares of Waste Management by 55.5% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,897,636 shares of the business services provider’s stock valued at $663,037,000 after purchasing an additional 1,034,258 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Waste Management by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 89,810 shares of the business services provider’s stock worth $20,550,000 after buying an additional 6,284 shares in the last quarter. Finally, Empower Advisory Group LLC lifted its position in shares of Waste Management by 2.1% during the 2nd quarter. Empower Advisory Group LLC now owns 462,820 shares of the business services provider’s stock worth $105,902,000 after buying an additional 9,368 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Up 2.2%

Shares of NYSE WM opened at $208.97 on Friday. The stock has a market cap of $84.19 billion, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. The firm has a 50 day moving average price of $212.87 and a two-hundred day moving average price of $224.42. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings data 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 33.00% and a net margin of 10.35%.The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, December 5th. Waste Management’s payout ratio is currently 51.97%.

Analysts Set New Price Targets

A number of research analysts have issued reports on WM shares. Royal Bank Of Canada decreased their target price on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. Cowen reaffirmed a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. Citigroup increased their price objective on shares of Waste Management from $268.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and raised their target price for the company from $238.00 to $242.00 in a research report on Tuesday, November 4th. Finally, Barclays lowered their price target on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.25.

About Waste Management

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.