Bill Few Associates Inc. Acquires 94 Shares of Waste Management, Inc. $WM

Bill Few Associates Inc. grew its position in shares of Waste Management, Inc. (NYSE:WM) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,370 shares of the business services provider’s stock after purchasing an additional 94 shares during the period. Bill Few Associates Inc.’s holdings in Waste Management were worth $771,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WM. Brighton Jones LLC lifted its stake in Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Sprott Inc. bought a new stake in Waste Management during the first quarter worth about $325,000. GAMMA Investing LLC lifted its stake in Waste Management by 13.1% during the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider’s stock worth $1,909,000 after purchasing an additional 958 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its stake in Waste Management by 50.7% during the first quarter. Elevation Point Wealth Partners LLC now owns 2,322 shares of the business services provider’s stock worth $538,000 after purchasing an additional 781 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its holdings in shares of Waste Management by 0.7% in the first quarter. Azzad Asset Management Inc. ADV now owns 9,571 shares of the business services provider’s stock worth $2,216,000 after buying an additional 67 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on WM shares. UBS Group lifted their price objective on Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Barclays decreased their price objective on Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. Finally, BMO Capital Markets lifted their price objective on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $254.32.

Waste Management Stock Performance

Shares of WM opened at $219.09 on Monday. 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 business’s 50 day moving average price is $223.04 and its 200-day moving average price is $227.96. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The stock has a market cap of $88.26 billion, a P/E ratio of 32.51, a P/E/G ratio of 2.70 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping 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 firm had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period in the previous year, the firm posted $1.82 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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