GAMMA Investing LLC Acquires 1,571 Shares of Waste Management, Inc. $WM

GAMMA Investing LLC increased its holdings in Waste Management, Inc. (NYSE:WM) by 19.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,818 shares of the business services provider’s stock after acquiring an additional 1,571 shares during the quarter. GAMMA Investing LLC’s holdings in Waste Management were worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Empowered Funds LLC grew its position in Waste Management by 82.9% during the 1st quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider’s stock valued at $5,248,000 after purchasing an additional 10,272 shares during the last quarter. Zevenbergen Capital Investments LLC grew its position in Waste Management by 30.4% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock valued at $2,158,000 after purchasing an additional 2,200 shares during the last quarter. BROOKFIELD Corp ON grew its position in Waste Management by 25.1% during the 1st quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider’s stock valued at $4,661,000 after purchasing an additional 4,043 shares during the last quarter. Finally, Czech National Bank grew its position in Waste Management by 6.7% during the 2nd quarter. Czech National Bank now owns 89,510 shares of the business services provider’s stock valued at $20,482,000 after purchasing an additional 5,620 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Oppenheimer raised their price target on shares of Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Barclays assumed coverage on shares of Waste Management in a report on Friday. They set an “overweight” rating and a $272.00 price target on the stock. Melius assumed coverage on shares of Waste Management in a report on Monday, June 9th. They set a “buy” rating on the stock. Finally, BMO Capital Markets raised their price target on shares of Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.17.

Waste Management Stock Performance

WM opened at $217.09 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. The company has a market cap of $87.45 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.65 and a beta of 0.64. The company’s 50 day moving average is $225.80 and its 200 day moving average is $228.69. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. The company had revenue of $6.43 billion for 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 firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

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.