WealthPlan Investment Management LLC Acquires 73 Shares of Waste Management, Inc. $WM

WealthPlan Investment Management LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,173 shares of the business services provider’s stock after purchasing an additional 73 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Waste Management were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of WM. Brighton Jones LLC raised its holdings in shares of Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Sprott Inc. bought a new position in shares of Waste Management during the 1st quarter valued at $325,000. GAMMA Investing LLC raised its holdings in shares of Waste Management by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider’s stock valued at $1,909,000 after purchasing an additional 958 shares in the last quarter. CWA Asset Management Group LLC grew its stake in Waste Management by 22.0% in the 1st quarter. CWA Asset Management Group LLC now owns 5,691 shares of the business services provider’s stock valued at $1,318,000 after buying an additional 1,028 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its stake in Waste Management by 5.2% in the 1st quarter. Premier Path Wealth Partners LLC now owns 1,071 shares of the business services provider’s stock valued at $248,000 after buying an additional 53 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of a number of research analyst reports. CIBC raised their target price on shares of Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Barclays reduced their price target on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Finally, William Blair reissued an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Two 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $253.00.

Waste Management Price Performance

Shares of Waste Management stock opened at $215.59 on Friday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The firm has a fifty day moving average price of $221.39 and a two-hundred day moving average price of $227.47. The company has a market cap of $86.85 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 2.62 and a beta of 0.64.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. The company had revenue of $6.43 billion during 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 firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.825 per share. 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 presently 48.96%.

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.