Brookstone Capital Management Buys 641 Shares of Waste Management, Inc. $WM

Brookstone Capital Management increased its holdings in Waste Management, Inc. (NYSE:WM) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,881 shares of the business services provider’s stock after acquiring an additional 641 shares during the period. Brookstone Capital Management’s holdings in Waste Management were worth $7,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC raised its holdings 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 worth $27,000 after acquiring an additional 66 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Waste Management in the 1st quarter worth about $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management in the 1st quarter worth about $38,000. New Age Alpha Advisors LLC acquired a new stake in shares of Waste Management in the 1st quarter worth about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Waste Management by 381.0% in 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 during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the subject of a number of recent analyst reports. Scotiabank upped their price objective on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 31st. Oppenheimer reduced their price objective on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. BMO Capital Markets upped their price objective on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. Finally, UBS Group reduced their price objective on shares of Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, October 16th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.00.

Waste Management Stock Up 0.7%

Waste Management stock opened at $216.46 on Thursday. The firm has a 50 day moving average price of $220.33 and a 200-day moving average price of $227.12. The company has a market capitalization of $87.20 billion, a P/E ratio of 32.12, a P/E/G ratio of 2.65 and a beta of 0.64. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51.

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 the consensus estimate 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%. Waste Management’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the firm earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed 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 1.5%. Waste Management’s dividend payout ratio (DPR) is 48.96%.

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.