WNY Asset Management LLC Increases Stock Holdings in Waste Management, Inc. $WM

WNY Asset Management LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 33.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,207 shares of the business services provider’s stock after acquiring an additional 300 shares during the period. WNY Asset Management LLC’s holdings in Waste Management were worth $276,000 as of its most recent SEC filing.

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

Waste Management Stock Down 3.3%

Shares of NYSE:WM opened at $197.52 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a 52-week low of $197.02 and a 52-week high of $242.58. The company has a 50 day moving average of $218.54 and a two-hundred day moving average of $226.72. The company has a market capitalization of $79.57 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 2.52 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same period last year, the business earned $1.96 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 1.7%. Waste Management’s dividend payout ratio (DPR) is 51.97%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a report on Wednesday, October 8th. Truist Financial set a $260.00 target price on shares of Waste Management in a research report on Wednesday. National Bankshares dropped their target price on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Oppenheimer reissued an “outperform” rating and set a $262.00 target price on shares of Waste Management in a research report on Wednesday. Finally, Cowen reissued a “buy” rating on shares of Waste Management in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $248.95.

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.