NTV Asset Management LLC Grows Position in Waste Management, Inc. $WM

NTV Asset Management LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,683 shares of the business services provider’s stock after purchasing an additional 247 shares during the period. NTV Asset Management LLC’s holdings in Waste Management were worth $5,877,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WM. Nuveen LLC purchased a new position in shares of Waste Management during the 1st quarter worth about $333,089,000. Ameriprise Financial Inc. boosted its position in Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after buying an additional 1,239,996 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Waste Management by 26.9% in the 1st 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 valued at $774,000,000 after buying an additional 709,557 shares during the period. Voya Investment Management LLC boosted its position in Waste Management by 738.2% in the 1st quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock valued at $175,766,000 after buying an additional 668,637 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in Waste Management by 16,999.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 661,060 shares of the business services provider’s stock valued at $153,043,000 after buying an additional 657,194 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Trading Up 1.3%

NYSE WM opened at $219.77 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The firm has a market cap of $88.53 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64. The company has a 50 day moving average price of $224.29 and a 200 day moving average price of $228.25. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. The firm had revenue of $6.43 billion during 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%. Waste Management’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s payout ratio is 48.96%.

Analysts Set New Price Targets

WM has been the subject of several research reports. William Blair reissued an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. CIBC boosted their price objective 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. Melius initiated coverage on shares of Waste Management in a research report on Monday, June 9th. They issued a “buy” rating for the company. Barclays initiated coverage on shares of Waste Management in a research report on Friday, September 19th. They issued an “overweight” rating and a $272.00 price objective for the company. Finally, Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $255.17.

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.