Elo Mutual Pension Insurance Co Has $6.05 Million Position in Waste Management, Inc. $WM

Elo Mutual Pension Insurance Co decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,443 shares of the business services provider’s stock after selling 1,207 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Waste Management were worth $6,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in shares of Waste Management in the 1st quarter valued at $37,000. GKV Capital Management Co. Inc. acquired a new position in shares of Waste Management during the 1st quarter worth $38,000. Wealth Watch Advisors INC bought a new stake in shares of Waste Management during the 2nd quarter worth $43,000. New Age Alpha Advisors LLC acquired a new stake in Waste Management in the first quarter valued at about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Waste Management by 381.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 160 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Up 2.0%

Shares of NYSE:WM opened at $216.18 on Wednesday. The firm has a market cap of $87.09 billion, a P/E ratio of 34.04, a P/E/G ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58. The business has a fifty day simple moving average of $212.30 and a 200 day simple moving average of $223.33. 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 (NYSE:WM) last issued its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. Analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a $0.825 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management’s payout ratio is 51.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein started coverage on shares of Waste Management in a research note on Wednesday, November 12th. They issued an “outperform” rating and a $255.00 price target on the stock. Weiss Ratings upgraded shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, November 19th. Royal Bank Of Canada lowered their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Finally, UBS Group reduced their price objective on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $248.68.

Insider Activity at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the sale, the senior vice president directly owned 15,540 shares in the company, valued at $3,373,112.40. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.