Waste Management, Inc. $WM Shares Acquired by Birchbrook Inc.

Birchbrook Inc. grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 8,042.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,257 shares of the business services provider’s stock after acquiring an additional 3,217 shares during the quarter. Birchbrook Inc.’s holdings in Waste Management were worth $745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Saudi Central Bank acquired a new position in Waste Management during the 1st quarter valued at approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management during the first quarter worth $38,000. Wealth Watch Advisors INC purchased a new stake in shares of Waste Management during the second quarter valued at $43,000. New Age Alpha Advisors LLC acquired a new position in shares of Waste Management in the 1st quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in Waste Management by 381.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after acquiring an additional 160 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WM. UBS Group cut their price objective on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Oppenheimer reiterated an “outperform” rating and issued a $262.00 target price on shares of Waste Management in a research report on Wednesday, October 29th. National Bankshares cut their price target on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Cowen restated a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. Finally, BMO Capital Markets increased their price objective on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $248.25.

Waste Management Price Performance

Shares of NYSE WM opened at $211.29 on Wednesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82. The stock has a market capitalization of $85.12 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 2.51 and a beta of 0.62. The firm’s 50 day simple moving average is $212.49 and its 200-day simple moving average is $223.98. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58.

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

Waste Management Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, December 5th. Waste Management’s payout ratio is currently 51.97%.

Waste Management Company 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.