38,774 Shares in Waste Management, Inc. $WM Bought by Nordwand Advisors LLC

Nordwand Advisors LLC acquired a new position in shares of Waste Management, Inc. (NYSE:WM) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 38,774 shares of the business services provider’s stock, valued at approximately $8,872,000. Waste Management accounts for about 1.4% of Nordwand Advisors LLC’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Saudi Central Bank acquired a new position in Waste Management in the 1st quarter valued at about $37,000. GKV Capital Management Co. Inc. acquired a new position in shares of Waste Management in the first quarter valued at approximately $38,000. Wealth Watch Advisors INC purchased a new stake in shares of Waste Management during the second quarter worth approximately $43,000. New Age Alpha Advisors LLC acquired a new stake in shares of Waste Management during the first quarter worth $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Waste Management by 381.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after buying an additional 160 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Down 0.7%

Waste Management stock opened at $207.74 on Tuesday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The firm has a market capitalization of $83.69 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. The stock’s fifty day moving average is $212.64 and its two-hundred day moving average is $224.14. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84.

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

Waste Management Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WM shares. 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 note on Tuesday, July 22nd. JPMorgan Chase & Co. cut their price target on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Scotiabank lowered their price objective on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a report on Wednesday, October 29th. Truist Financial set a $260.00 target price on Waste Management in a research note on Wednesday, October 29th. Finally, BMO Capital Markets lifted their price target on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $248.25.

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.