Belpointe Asset Management LLC Has $5.21 Million Holdings in Waste Management, Inc. $WM

Belpointe Asset Management LLC boosted its stake in Waste Management, Inc. (NYSE:WMFree Report) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,770 shares of the business services provider’s stock after acquiring an additional 1,147 shares during the quarter. Belpointe Asset Management LLC’s holdings in Waste Management were worth $5,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WM. Westend Capital Management LLC raised its position 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 buying an additional 66 shares during the last quarter. West Branch Capital LLC grew its stake in shares of Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after acquiring an additional 49 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of Waste Management in the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. bought a new stake in shares of Waste Management in the first quarter worth $38,000. Finally, New Age Alpha Advisors LLC acquired a new position in Waste Management during the first quarter worth $45,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of several analyst reports. Scotiabank boosted their price target on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 31st. Barclays assumed coverage on Waste Management in a report on Friday, September 19th. They set an “overweight” rating and a $272.00 target price on the stock. UBS Group raised their price target on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Saturday, September 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a research note on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.17.

View Our Latest Analysis on Waste Management

Waste Management Stock Up 1.3%

WM opened at $219.77 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The stock’s fifty day simple moving average is $224.29 and its 200 day simple moving average is $228.27. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The stock has a market cap of $88.53 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64.

Waste Management (NYSE:WMGet Free Report) last released its quarterly earnings data 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. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s payout ratio is currently 48.96%.

About Waste Management

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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