Iowa State Bank Increases Stock Position in Waste Management, Inc. $WM

Iowa State Bank boosted its position in Waste Management, Inc. (NYSE:WM) by 45.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,310 shares of the business services provider’s stock after acquiring an additional 4,162 shares during the period. Iowa State Bank’s holdings in Waste Management were worth $3,046,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westend Capital Management LLC boosted its stake in shares of Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. West Branch Capital LLC boosted its position in Waste Management by 69.0% during the 1st 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 bought a new position in shares of Waste Management in the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. purchased a new position in shares of Waste Management in the 1st quarter valued at approximately $38,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Waste Management during the first quarter valued at approximately $45,000. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WM has been the subject of several recent research reports. UBS Group raised their price objective on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Oppenheimer lifted their price target on shares of Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. William Blair restated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Finally, Melius Research raised Waste Management to a “strong-buy” rating and set a $263.00 price objective for the company in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $255.17.

Waste Management Price Performance

NYSE WM opened at $219.77 on Monday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The company has a market capitalization of $88.53 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.68 and a beta of 0.64. The stock has a 50-day moving average of $224.29 and a 200 day moving average of $228.27. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping 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 firm had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the previous year, the business posted $1.82 earnings per share. The business’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. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors 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 annualized dividend and a dividend yield of 1.5%. Waste Management’s payout ratio is presently 48.96%.

About Waste Management

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.