Chicago Partners Investment Group LLC Acquires 1,307 Shares of Waste Management, Inc. $WM

Chicago Partners Investment Group LLC grew its holdings in Waste Management, Inc. (NYSE:WM) by 13.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,695 shares of the business services provider’s stock after acquiring an additional 1,307 shares during the period. Chicago Partners Investment Group LLC’s holdings in Waste Management were worth $2,440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings 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 valued at $1,233,240,000 after purchasing an additional 1,239,996 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Waste Management by 1.8% during the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock worth $941,709,000 after buying an additional 70,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Waste Management by 26.9% during the 1st 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 buying an additional 709,557 shares during the period. Dimensional Fund Advisors LP grew its stake in Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock valued at $570,108,000 after buying an additional 36,836 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Waste Management by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock valued at $505,137,000 after acquiring an additional 29,715 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Trading Up 1.1%

WM opened at $215.59 on Monday. The stock has a market capitalization of $86.85 billion, a price-to-earnings ratio of 31.99, a P/E/G ratio of 2.65 and a beta of 0.64. 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, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The company has a 50-day simple moving average of $221.39 and a 200 day simple moving average of $227.35.

Waste Management (NYSE:WM) last released its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period last year, the firm earned $1.82 EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio is presently 48.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WM shares. National Bankshares decreased their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. UBS Group reduced their price target on Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup lowered their price target on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. Finally, BMO Capital Markets increased their target price on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. Two research 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 company’s stock. Based on data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $253.00.

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.