Bill Few Associates Inc. Purchases 94 Shares of Waste Management, Inc. $WM

Bill Few Associates Inc. lifted its stake in Waste Management, Inc. (NYSE:WM) by 2.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,370 shares of the business services provider’s stock after acquiring an additional 94 shares during the period. Bill Few Associates Inc.’s holdings in Waste Management were worth $771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westend Capital Management LLC increased 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 purchasing an additional 66 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Waste Management in the 1st quarter worth $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management in the 1st quarter worth $38,000. New Age Alpha Advisors LLC purchased a new stake in Waste Management in the 1st quarter worth $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in 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 buying an additional 160 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Up 0.7%

Shares of NYSE WM opened at $219.09 on Monday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The company has a market cap of $88.26 billion, a P/E ratio of 32.51, a PEG ratio of 2.70 and a beta of 0.64. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The firm has a 50-day simple moving average of $223.04 and a two-hundred day simple moving average of $227.96.

Waste Management (NYSE:WM) last issued its earnings results 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 business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a 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%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WM shares. Oppenheimer cut their price target on Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. CIBC increased their price target on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, June 26th. Citigroup cut their price target on Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Barclays cut their price objective on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, UBS Group raised their price objective on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

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.