Moseley Investment Management Inc. Buys 3,368 Shares of Waste Management, Inc. $WM

Moseley Investment Management Inc. grew its stake in Waste Management, Inc. (NYSE:WM) by 238.7% in the second quarter, HoldingsChannel.com reports. The fund owned 4,779 shares of the business services provider’s stock after acquiring an additional 3,368 shares during the period. Moseley Investment Management Inc.’s holdings in Waste Management were worth $1,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Callan Family Office LLC increased its stake in shares of Waste Management by 205.0% in the 2nd quarter. Callan Family Office LLC now owns 16,196 shares of the business services provider’s stock valued at $3,706,000 after acquiring an additional 10,886 shares during the last quarter. Blair William & Co. IL grew its position in shares of Waste Management by 32.9% in the 2nd quarter. Blair William & Co. IL now owns 403,716 shares of the business services provider’s stock valued at $92,378,000 after purchasing an additional 99,943 shares during the period. Kampmann Melissa S. grew its position in shares of Waste Management by 25.5% in the 2nd quarter. Kampmann Melissa S. now owns 9,905 shares of the business services provider’s stock valued at $2,266,000 after purchasing an additional 2,010 shares during the period. Mainstay Capital Management LLC ADV grew its position in shares of Waste Management by 111.6% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 17,110 shares of the business services provider’s stock valued at $3,915,000 after purchasing an additional 9,023 shares during the period. Finally, Leo Wealth LLC grew its position in shares of Waste Management by 122.6% in the 2nd quarter. Leo Wealth LLC now owns 2,090 shares of the business services provider’s stock valued at $478,000 after purchasing an additional 1,151 shares during the period. 80.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

WM has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a research report on Thursday, June 26th. Raymond James Financial boosted their price objective on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. CIBC upped their price target on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, June 26th. Stifel Nicolaus assumed coverage on Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target on the stock. Finally, Citigroup lowered their price objective on Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $254.32.

Waste Management Trading Down 1.1%

Shares of WM stock opened at $217.56 on Friday. 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, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The stock has a 50 day simple moving average of $223.24 and a two-hundred day simple moving average of $228.03. The company has a market cap of $87.64 billion, a P/E ratio of 32.28, a PEG ratio of 2.71 and a beta of 0.64.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend 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.