Mitchell Capital Management Co. Has $4.53 Million Stock Position in Waste Management, Inc. $WM

Mitchell Capital Management Co. reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 11.2% during the second quarter, Holdings Channel reports. The institutional investor owned 19,907 shares of the business services provider’s stock after selling 2,502 shares during the period. Mitchell Capital Management Co.’s holdings in Waste Management were worth $4,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WM. Valeo Financial Advisors LLC raised its stake in shares of Waste Management by 15,782.4% in the second quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock worth $395,512,000 after purchasing an additional 1,717,603 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Waste Management in the first quarter worth approximately $333,089,000. Ameriprise Financial Inc. raised its stake in shares of Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock worth $1,233,240,000 after purchasing an additional 1,239,996 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Waste Management by 26.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock worth $774,000,000 after purchasing an additional 709,557 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Waste Management by 738.2% in the first quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock worth $175,766,000 after purchasing an additional 668,637 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WM. William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Scotiabank increased their price objective on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 31st. National Bankshares reduced their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. CIBC upped their target price on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, June 26th. Finally, BMO Capital Markets upped their target price on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $254.32.

Waste Management Price Performance

Shares of NYSE WM opened at $219.09 on Monday. The stock has a fifty day simple moving average of $223.04 and a two-hundred day simple moving average of $227.96. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The firm has a market cap of $88.26 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. 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 announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the company earned $1.82 earnings per share. Waste Management’s revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 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.