Waste Management, Inc. $WM Shares Purchased by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lifted its stake in Waste Management, Inc. (NYSE:WM) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,089 shares of the business services provider’s stock after acquiring an additional 49 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Waste Management were worth $1,164,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Westend Capital Management LLC boosted its position in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after buying an additional 66 shares during the period. West Branch Capital LLC boosted its position in Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after buying an additional 49 shares during the period. Saudi Central Bank purchased a new position in Waste Management in the 1st quarter valued at approximately $37,000. GKV Capital Management Co. Inc. purchased a new position in Waste Management in the 1st quarter valued at approximately $38,000. Finally, New Age Alpha Advisors LLC purchased a new position in Waste Management in the 1st quarter valued at approximately $45,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Price Performance

Shares of WM opened at $219.09 on Friday. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The firm’s fifty day simple moving average is $223.04 and its 200-day simple moving average is $227.97. The firm has a market capitalization of $88.26 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.70 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last announced 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. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the business earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Equities analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is 48.96%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Barclays decreased their price target on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research report on Thursday. Stifel Nicolaus started coverage on shares of Waste Management in a research report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target for the company. Oppenheimer reduced their price objective on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets raised their price objective 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 investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

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.