Waste Management, Inc. $WM Shares Bought by Motiv8 Investments LLC

Motiv8 Investments LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 12.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,761 shares of the business services provider’s stock after acquiring an additional 640 shares during the period. Motiv8 Investments LLC’s holdings in Waste Management were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of WM. Westend Capital Management LLC lifted its stake 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 period. West Branch Capital LLC lifted its position in Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the period. Saudi Central Bank purchased a new stake in Waste Management in the 1st quarter valued at approximately $37,000. GKV Capital Management Co. Inc. purchased a new position in shares of Waste Management during the 1st quarter worth approximately $38,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Waste Management in the 1st quarter valued at approximately $45,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WM. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research report on Saturday, September 27th. Stifel Nicolaus started coverage on shares of Waste Management in a report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target for the company. Barclays started coverage on shares of Waste Management in a report on Friday, September 19th. They set an “overweight” rating and a $272.00 price objective on the stock. Raymond James Financial lifted their price target on shares of Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Finally, Oppenheimer upped their price target on Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $255.17.

Waste Management Stock Performance

Waste Management stock opened at $219.77 on Monday. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The company has a market capitalization of $88.53 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.68 and a beta of 0.64. The stock has a fifty day moving average of $224.29 and a two-hundred day moving average of $228.27. 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 (NYSE:WM) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management’s payout ratio 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.