Waste Management, Inc. $WM Shares Purchased by WoodTrust Financial Corp

WoodTrust Financial Corp grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,915 shares of the business services provider’s stock after purchasing an additional 2,586 shares during the period. Waste Management comprises about 1.1% of WoodTrust Financial Corp’s portfolio, making the stock its 24th biggest position. WoodTrust Financial Corp’s holdings in Waste Management were worth $9,591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valeo Financial Advisors LLC boosted its holdings in Waste Management by 15,782.4% in the second quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock valued at $395,512,000 after purchasing an additional 1,717,603 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Waste Management during the first quarter worth $333,089,000. Ameriprise Financial Inc. raised its position in Waste Management by 30.4% in 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 acquiring an additional 1,239,996 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Waste Management by 26.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock worth $774,000,000 after acquiring an additional 709,557 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in Waste Management by 738.2% in the first quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock worth $175,766,000 after acquiring an additional 668,637 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

NYSE WM opened at $217.54 on Wednesday. The stock has a 50-day simple moving average of $223.72 and a 200 day simple moving average of $228.15. 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 stock has a market capitalization of $87.63 billion, a PE ratio of 32.28, a P/E/G ratio of 2.66 and a beta of 0.64. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the company posted $1.82 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

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 $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 dividend yield of 1.5%. Waste Management’s dividend payout ratio is 48.96%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WM shares. Scotiabank upped their target price on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. Stifel Nicolaus initiated coverage on Waste Management in a report on Tuesday, September 30th. They set a “buy” rating and a $252.00 price objective on the stock. BMO Capital Markets lifted their target price on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. Raymond James Financial boosted their price objective on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Finally, UBS Group boosted their price objective on Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $254.53.

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.