Waste Management, Inc. $WM Shares Acquired by Diversified Enterprises LLC

Diversified Enterprises LLC increased its position in Waste Management, Inc. (NYSE:WM) by 14.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,122 shares of the business services provider’s stock after buying an additional 140 shares during the period. Diversified Enterprises LLC’s holdings in Waste Management were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in WM. Westend Capital Management LLC raised its holdings in Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after purchasing an additional 66 shares during the last quarter. West Branch Capital LLC lifted its position in Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after buying an additional 49 shares during the period. Saudi Central Bank bought a new stake in shares of Waste Management during the 1st quarter valued at about $37,000. GKV Capital Management Co. Inc. purchased a new position in Waste Management in the 1st quarter worth approximately $38,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Waste Management during the 1st quarter valued at approximately $45,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of WM opened at $218.76 on Friday. The firm has a market capitalization of $88.12 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The stock’s fifty day moving average is $225.18 and its 200-day moving average is $228.49.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The company had revenue of $6.43 billion for 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 was up 19.0% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Equities analysts anticipate 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. Shareholders of record on Friday, September 12th were paid 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 payout ratio is presently 48.96%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WM shares. Scotiabank increased their price objective on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. Oppenheimer lifted their target price on Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. UBS Group raised their price objective on Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Barclays began coverage on shares of Waste Management in a research report on Friday, September 19th. They set an “overweight” rating and a $272.00 target price for the company. Finally, Melius assumed coverage on shares of Waste Management in a research note on Monday, June 9th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.