Waste Management, Inc. $WM Shares Purchased by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. boosted its position in Waste Management, Inc. (NYSE:WM) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,398 shares of the business services provider’s stock after acquiring an additional 80 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Waste Management were worth $321,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after buying an additional 1,239,996 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Waste Management by 1.8% in the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock valued at $941,709,000 after buying an additional 70,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after buying an additional 709,557 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock valued at $570,108,000 after buying an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Waste Management by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock valued at $505,137,000 after buying an additional 29,715 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. BMO Capital Markets raised their target price on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. Raymond James Financial raised their target price on shares of Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Oppenheimer lowered their target price on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. Finally, Erste Group Bank lowered shares of 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 given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

Waste Management Price Performance

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

Waste Management (NYSE:WM) last issued its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. The company 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.825 per share. 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 48.96%.

Waste Management 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.