Cwm LLC Raises Stock Position in Waste Management, Inc. $WM

Cwm LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,313 shares of the business services provider’s stock after buying an additional 5,205 shares during the period. Cwm LLC’s holdings in Waste Management were worth $25,242,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WM. Westend Capital Management LLC grew its holdings in shares of Waste Management by 126.9% during the first 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. Saudi Central Bank acquired a new stake in shares of Waste Management in the 1st quarter valued at about $37,000. GKV Capital Management Co. Inc. purchased a new position in Waste Management during the 1st quarter worth approximately $38,000. New Age Alpha Advisors LLC acquired a new position in Waste Management during the first quarter worth approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Waste Management by 381.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after buying an additional 160 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 0.7%

NYSE WM opened at $219.09 on Monday. The stock has a market capitalization of $88.26 billion, a P/E ratio of 32.51, a P/E/G ratio of 2.70 and a beta of 0.64. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58. The firm has a 50-day moving average price of $223.04 and a 200 day moving average price of $227.96. 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 posted its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.03. The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is 48.96%.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of research reports. Stifel Nicolaus started coverage on shares of Waste Management in a research report on Tuesday, September 30th. They set a “buy” rating and a $252.00 target price on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $229.00 price objective on shares of Waste Management in a research report on Thursday, June 26th. National Bankshares reduced their target price on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Raymond James Financial boosted their price target on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $254.32.

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.