Nwam LLC Acquires 349 Shares of Waste Management, Inc. $WM

Nwam LLC increased its holdings in Waste Management, Inc. (NYSE:WM) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,047 shares of the business services provider’s stock after purchasing an additional 349 shares during the period. Nwam LLC’s holdings in Waste Management were worth $1,636,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Laffer Tengler Investments Inc. raised its holdings in shares of Waste Management by 424.7% in the 2nd quarter. Laffer Tengler Investments Inc. now owns 5,488 shares of the business services provider’s stock worth $1,256,000 after buying an additional 4,442 shares in the last quarter. Vise Technologies Inc. bought a new stake in Waste Management in the second quarter valued at $1,652,000. Cahill Financial Advisors Inc. acquired a new position in Waste Management during the second quarter worth $248,000. Alpha Cubed Investments LLC lifted its holdings in shares of Waste Management by 9.7% during the second quarter. Alpha Cubed Investments LLC now owns 1,895 shares of the business services provider’s stock valued at $434,000 after acquiring an additional 167 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Waste Management by 40.7% in the 2nd quarter. Allworth Financial LP now owns 20,932 shares of the business services provider’s stock valued at $4,790,000 after purchasing an additional 6,057 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Up 1.4%

NYSE:WM opened at $203.26 on Wednesday. The company has a market cap of $81.88 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.51 and a beta of 0.62. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The stock’s fifty day moving average price is $213.90 and its two-hundred day moving average price is $224.85. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter in the previous year, the firm earned $1.96 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current 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 given a dividend of $0.825 per share. The ex-dividend date was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.6%. Waste Management’s dividend payout ratio is presently 51.97%.

Analyst Ratings Changes

Several brokerages recently issued reports on WM. Cowen reissued a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. National Bankshares cut 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 research note on Tuesday, October 7th. Stifel Nicolaus decreased their price target on Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Royal Bank Of Canada cut their price objective on Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Finally, Truist Financial set a $260.00 target price on Waste Management in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $248.44.

Waste Management 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.