966 Shares in Waste Management, Inc. $WM Purchased by Circle Wealth Management LLC

Circle Wealth Management LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 966 shares of the business services provider’s stock, valued at approximately $224,000.

Other institutional investors have also recently made changes to their positions in the company. D.B. Root & Company LLC grew its stake in shares of Waste Management by 3.9% in the first quarter. D.B. Root & Company LLC now owns 1,556 shares of the business services provider’s stock worth $360,000 after acquiring an additional 59 shares in the last quarter. Compound Planning Inc. grew its stake in shares of Waste Management by 16.7% during the first quarter. Compound Planning Inc. now owns 8,088 shares of the business services provider’s stock worth $1,872,000 after purchasing an additional 1,160 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Waste Management by 30.4% during the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock worth $1,233,240,000 after purchasing an additional 1,239,996 shares in the last quarter. Norinchukin Bank The boosted its stake in Waste Management by 8.4% in the first quarter. Norinchukin Bank The now owns 17,606 shares of the business services provider’s stock valued at $4,076,000 after acquiring an additional 1,370 shares in the last quarter. Finally, Clarkston Capital Partners LLC boosted its stake in Waste Management by 3.6% in the first quarter. Clarkston Capital Partners LLC now owns 73,392 shares of the business services provider’s stock valued at $16,991,000 after acquiring an additional 2,518 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Waste Management stock opened at $226.9430 on Friday. The firm’s fifty day moving average price is $229.28 and its 200 day moving average price is $229.77. The company has a market capitalization of $91.42 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last released its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their target price 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. HSBC raised shares of Waste Management from a “hold” rating to a “buy” rating and increased their target price for the company from $210.00 to $265.00 in a report on Friday, April 25th. William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. JPMorgan Chase & Co. raised shares of Waste Management from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $225.00 to $277.00 in a research note on Friday, May 23rd. Finally, 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 research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.35.

Insider Activity

In other Waste Management news, SVP Rafael Carrasco sold 674 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the transaction, the senior vice president directly owned 16,542 shares of the company’s stock, valued at $3,917,311.02. The trade was a 3.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Devina A. Rankin sold 57,888 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the transaction, the chief financial officer directly owned 83,934 shares of the company’s stock, valued at $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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.