Warren Street Wealth Advisors LLC Acquires 85 Shares of Waste Management, Inc. $WM

Warren Street Wealth Advisors LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 8.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,045 shares of the business services provider’s stock after purchasing an additional 85 shares during the period. Warren Street Wealth Advisors LLC’s holdings in Waste Management were worth $239,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Westend Capital Management LLC boosted its stake in Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 66 shares in the last quarter. West Branch Capital LLC boosted its stake in Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 49 shares in the last quarter. Saudi Central Bank acquired a new stake in Waste Management in the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management in the first quarter valued at approximately $38,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Waste Management in the first quarter valued at approximately $45,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Down 0.3%

Shares of Waste Management stock opened at $220.10 on Thursday. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year 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. The firm has a fifty day moving average price of $224.77 and a 200 day moving average price of $228.37. The stock has a market cap of $88.66 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Equities research 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 disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s payout ratio is presently 48.96%.

Wall Street Analyst Weigh In

Several research firms have recently commented on WM. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Stifel Nicolaus began coverage on shares of Waste Management in a research note on Tuesday. They set a “buy” rating and a $252.00 price objective for the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $229.00 price objective on shares of Waste Management in a research note on Thursday, June 26th. Oppenheimer lifted their price objective on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Melius began coverage on shares of Waste Management in a research note on Monday, June 9th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $255.17.

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.