Princeton Global Asset Management LLC Increases Holdings in Waste Management, Inc. $WM

Princeton Global Asset Management LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,501 shares of the business services provider’s stock after buying an additional 95 shares during the period. Princeton Global Asset Management LLC’s holdings in Waste Management were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in WM. Westend Capital Management LLC increased its position in shares of 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 acquiring an additional 66 shares during the period. Saudi Central Bank purchased a new stake in Waste Management in the first quarter valued at $37,000. GKV Capital Management Co. Inc. purchased a new stake in Waste Management in the first quarter valued at $38,000. New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management during the 1st quarter worth about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Waste Management by 381.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after acquiring an additional 160 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on WM. Citigroup cut their price objective on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. National Bankshares dropped their target price on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. 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, October 9th. CIBC raised their price target on shares of Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, June 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.00.

Waste Management Trading Up 0.0%

Shares of WM opened at $215.50 on Tuesday. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The firm has a market capitalization of $86.81 billion, a P/E ratio of 31.97, a PEG ratio of 2.65 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. The firm’s 50-day moving average is $220.96 and its two-hundred day moving average is $227.28.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given 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 dividend payout ratio is presently 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.