Fox Run Management L.L.C. Acquires 3,247 Shares of Waste Management, Inc. $WM

Fox Run Management L.L.C. boosted its stake in Waste Management, Inc. (NYSE:WM) by 55.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,076 shares of the business services provider’s stock after acquiring an additional 3,247 shares during the period. Waste Management accounts for approximately 0.3% of Fox Run Management L.L.C.’s holdings, making the stock its 21st biggest holding. Fox Run Management L.L.C.’s holdings in Waste Management were worth $2,077,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Saudi Central Bank purchased a new position in shares of Waste Management during the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new stake in Waste Management during the 1st quarter valued at about $38,000. Wealth Watch Advisors INC bought a new position in shares of Waste Management in the second quarter worth approximately $43,000. New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management during the first quarter valued at approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Waste Management by 381.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 160 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

Shares of WM opened at $201.87 on Friday. The business has a 50-day simple moving average of $214.88 and a two-hundred day simple moving average of $225.27. The stock has a market cap of $81.33 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.51 and a beta of 0.62. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The company also recently announced 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 yield of 1.6%. Waste Management’s dividend payout ratio is currently 51.97%.

Wall Street Analysts Forecast Growth

WM has been the topic of several analyst reports. BMO Capital Markets upped their price objective on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research report on Wednesday, July 30th. National Bankshares lowered their target price on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 7th. Royal Bank Of Canada reduced their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. UBS Group decreased their price objective on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $248.44.

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.