Callan Family Office LLC Has $3.71 Million Position in Waste Management, Inc. $WM

Callan Family Office LLC grew its holdings in Waste Management, Inc. (NYSE:WM) by 205.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,196 shares of the business services provider’s stock after purchasing an additional 10,886 shares during the quarter. Callan Family Office LLC’s holdings in Waste Management were worth $3,706,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in WM. Westend Capital Management LLC grew its position in shares of Waste Management by 126.9% in the first 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 during the last quarter. West Branch Capital LLC grew its position in shares of Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Waste Management in the first quarter valued at about $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management during the first quarter worth about $38,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Waste Management during the first quarter worth about $45,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WM shares. William Blair reissued an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Stifel Nicolaus started coverage on Waste Management in a research report on Tuesday, September 30th. They set a “buy” rating and a $252.00 target price on the stock. 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. Oppenheimer decreased their target price on Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $254.32.

Waste Management Stock Up 0.7%

NYSE WM opened at $219.09 on Friday. 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 50 day moving average is $223.04 and its two-hundred day moving average is $227.98. The company has a market capitalization of $88.26 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.68 and a beta of 0.64. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58.

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

Waste Management Dividend Announcement

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

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.