RAM Investment Partners LLC Invests $303,000 in Waste Management, Inc. $WM

RAM Investment Partners LLC purchased a new position in shares of Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,326 shares of the business services provider’s stock, valued at approximately $303,000.

Other hedge funds have also recently added to or reduced their stakes in the company. 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. acquired a new position in Waste Management during the first quarter worth $38,000. Wealth Watch Advisors INC purchased a new position in Waste Management in the second quarter worth $43,000. New Age Alpha Advisors LLC acquired a new stake in Waste Management in the first quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position 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 purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WM. Baird R W upgraded shares of Waste Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. dropped their target price on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Truist Financial set a $260.00 price target on shares of Waste Management in a research report on Wednesday, October 29th. Royal Bank Of Canada lowered their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Finally, Erste Group Bank cut Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Three research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.79.

Waste Management Price Performance

Shares of NYSE:WM opened at $204.55 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The business’s fifty day moving average price is $213.09 and its two-hundred day moving average price is $224.56. The stock has a market cap of $82.41 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a one year low of $194.11 and a one year high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings data 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 company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s payout ratio is currently 51.97%.

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.