L. Roy Papp & Associates LLP Grows Stock Position in Waste Management, Inc. $WM

L. Roy Papp & Associates LLP boosted its position in Waste Management, Inc. (NYSE:WM) by 3.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,852 shares of the business services provider’s stock after buying an additional 450 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Waste Management were worth $2,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Zevenbergen Capital Investments LLC increased its position in Waste Management by 30.4% in the second quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock worth $2,158,000 after buying an additional 2,200 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares during the period. Empowered Funds LLC boosted its holdings in shares of Waste Management by 82.9% in the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider’s stock worth $5,248,000 after acquiring an additional 10,272 shares during the period. BROOKFIELD Corp ON boosted its holdings in shares of Waste Management by 25.1% in the first quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider’s stock worth $4,661,000 after acquiring an additional 4,043 shares during the period. Finally, Czech National Bank boosted its holdings in shares of Waste Management by 6.7% in the second quarter. Czech National Bank now owns 89,510 shares of the business services provider’s stock worth $20,482,000 after acquiring an additional 5,620 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Trading Down 1.1%

NYSE WM opened at $217.56 on Friday. The stock’s 50-day simple moving average is $223.24 and its two-hundred day simple moving average is $228.03. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $87.64 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.71 and a beta of 0.64.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the business posted $1.82 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared 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 1.5%. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Analyst Ratings Changes

A number of equities analysts have recently commented on WM shares. Barclays cut their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a report on Thursday. Citigroup cut their price target on Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Stifel Nicolaus started coverage on Waste Management in a report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target for the company. Scotiabank lifted their price objective on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. Finally, Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Two investment 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

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.