Waste Management, Inc. $WM Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its position in Waste Management, Inc. (NYSE:WM) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,632 shares of the business services provider’s stock after acquiring an additional 200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Waste Management were worth $7,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westend Capital Management LLC raised its holdings in shares of 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 purchasing an additional 66 shares in the last quarter. Saudi Central Bank purchased a new stake in Waste Management during the 1st quarter worth about $37,000. GKV Capital Management Co. Inc. purchased a new position in shares of Waste Management in the 1st quarter valued at about $38,000. New Age Alpha Advisors LLC acquired a new stake in shares of Waste Management during the 1st quarter worth about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Waste Management by 381.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WM. Citigroup lowered their target price on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Scotiabank boosted their target price on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. National Bankshares cut their price target on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Royal Bank Of Canada reissued 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 target price on shares of Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a report on Wednesday, July 30th. Two equities 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.32.

Waste Management Stock Up 0.7%

Shares of Waste Management stock opened at $219.09 on Monday. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The company has a market cap of $88.26 billion, a P/E ratio of 32.51, a PEG ratio of 2.70 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The firm has a fifty day moving average of $223.04 and a two-hundred day moving average of $227.96.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is currently 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.