Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stake in Waste Management, Inc. $WM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 7.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,810 shares of the business services provider’s stock after purchasing an additional 6,284 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Waste Management were worth $20,550,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Valeo Financial Advisors LLC raised its stake in Waste Management by 15,782.4% in the second quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock valued at $395,512,000 after buying an additional 1,717,603 shares during the last quarter. Nuveen LLC acquired a new stake in Waste Management in the 1st quarter worth approximately $333,089,000. Ameriprise Financial Inc. grew its position in 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 purchasing an additional 1,239,996 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in 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 valued at $774,000,000 after purchasing an additional 709,557 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Waste Management by 738.2% in the first quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock worth $175,766,000 after buying an additional 668,637 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the topic of a number of research analyst reports. UBS Group dropped their price objective on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus lowered their price target on Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Cowen reissued a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. National Bankshares reduced their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Finally, 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 report on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $248.25.

Waste Management Stock Performance

WM opened at $208.97 on Friday. The firm has a fifty day moving average price of $212.87 and a 200 day moving average price of $224.39. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The stock has a market cap of $84.19 billion, a P/E ratio of 32.91, a P/E/G ratio of 2.51 and a beta of 0.62. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 EPS. 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 year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.6%. Waste Management’s dividend payout ratio is presently 51.97%.

About Waste Management

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.