Waste Management, Inc. $WM Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,632 shares of the business services provider’s stock after buying an additional 200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Waste Management were worth $7,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of WM. Westend Capital Management LLC increased its stake in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. Saudi Central Bank purchased a new position in shares of Waste Management in the first quarter valued at $37,000. GKV Capital Management Co. Inc. acquired a new position in shares of Waste Management during the 1st quarter worth $38,000. New Age Alpha Advisors LLC purchased a new position in Waste Management during the 1st quarter valued at about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Waste Management by 381.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. CIBC raised their price objective on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, June 26th. BMO Capital Markets raised their price objective on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. National Bankshares dropped their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus began coverage on shares of Waste Management in a research report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.32.

Waste Management Stock Performance

Shares of WM stock opened at $219.09 on Monday. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The firm 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. 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’s fifty day moving average price is $223.04 and its two-hundred day moving average price is $227.96.

Waste Management (NYSE:WM) last announced its earnings results 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 analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.Waste Management’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s payout ratio is currently 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.