Motley Fool Asset Management LLC Purchases 2,994 Shares of Waste Management, Inc. $WM

Motley Fool Asset Management LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 13.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,882 shares of the business services provider’s stock after purchasing an additional 2,994 shares during the period. Motley Fool Asset Management LLC’s holdings in Waste Management were worth $5,693,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Saudi Central Bank purchased a new position in Waste Management during the first quarter valued at $37,000. GKV Capital Management Co. Inc. purchased a new position in Waste Management during the first quarter valued at $38,000. Wealth Watch Advisors INC purchased a new position in Waste Management during the second quarter valued at $43,000. New Age Alpha Advisors LLC purchased a new position in Waste Management during the first quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group cut their target price on shares of Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. Scotiabank boosted their target price on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 31st. Oppenheimer reduced their target price on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. William Blair restated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Finally, Citigroup reduced their target price on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Two equities 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $253.00.

Waste Management Stock Performance

Shares of NYSE:WM opened at $213.69 on Tuesday. The company has a market capitalization of $86.08 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.64 and a beta of 0.64. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The firm’s 50-day moving average is $219.68 and its 200 day moving average is $227.10. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

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