Choreo LLC Boosts Position in Waste Management, Inc. $WM

Choreo LLC grew its position in Waste Management, Inc. (NYSE:WM) by 9.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 18,757 shares of the business services provider’s stock after purchasing an additional 1,665 shares during the period. Choreo LLC’s holdings in Waste Management were worth $4,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Saudi Central Bank purchased a new stake in shares of Waste Management in the first quarter valued at about $37,000. GKV Capital Management Co. Inc. acquired a new position in shares of Waste Management during the 1st quarter worth approximately $38,000. Wealth Watch Advisors INC purchased a new stake in Waste Management in the 2nd quarter valued at approximately $43,000. New Age Alpha Advisors LLC acquired a new stake in Waste Management during the 1st quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in 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 worth $47,000 after buying an additional 160 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WM shares. Citigroup upped their price objective on Waste Management from $268.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. DZ Bank began coverage on shares of Waste Management in a report on Tuesday. They issued a “buy” rating and a $250.00 target price on the stock. Baird R W raised shares of Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada reduced their price objective on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company assumed coverage on shares of Waste Management in a research note on Friday, November 14th. They issued an “overweight” rating and a $238.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.68.

Insider Activity at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the transaction, the senior vice president directly owned 15,540 shares of the company’s stock, valued at $3,373,112.40. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Waste Management Price Performance

Waste Management stock opened at $217.66 on Thursday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The company has a market cap of $87.69 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The firm has a 50 day moving average price of $212.34 and a 200 day moving average price of $223.29.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio is currently 51.97%.

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.