Waste Management, Inc. $WM Shares Acquired by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC boosted its holdings in Waste Management, Inc. (NYSE:WM) by 24.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,520 shares of the business services provider’s stock after buying an additional 500 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Waste Management were worth $577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WM. McAdam LLC grew its stake in Waste Management by 3.1% in the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after purchasing an additional 44 shares in the last quarter. Stonebridge Financial Group LLC raised its position in Waste Management by 3.0% during the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock valued at $355,000 after acquiring an additional 45 shares in the last quarter. Formidable Asset Management LLC grew its position in Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock worth $536,000 after acquiring an additional 45 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Waste Management by 3.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 46 shares in the last quarter. Finally, Tandem Capital Management Corp ADV lifted its stake in shares of Waste Management by 0.7% in the 1st quarter. Tandem Capital Management Corp ADV now owns 6,614 shares of the business services provider’s stock valued at $1,531,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WM. UBS Group raised their target price on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Scotiabank raised their price objective on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. Melius began coverage on Waste Management in a research report on Monday, June 9th. They set a “buy” rating for the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a research note on Thursday, June 26th. Finally, Stifel Nicolaus started coverage on shares of Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 target price on the stock. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.17.

Waste Management Trading Up 1.3%

Shares of WM opened at $219.77 on Monday. The stock has a 50 day simple moving average of $224.29 and a 200-day simple moving average of $228.27. 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 stock has a market cap of $88.53 billion, a PE ratio of 32.61, a PEG ratio of 2.68 and a beta of 0.64. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the business earned $1.82 earnings per share. The business’s revenue 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 predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio is 48.96%.

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.