Vise Technologies Inc. Invests $1.65 Million in Waste Management, Inc. $WM

Vise Technologies Inc. acquired a new stake in Waste Management, Inc. (NYSE:WM) during the second quarter, HoldingsChannel reports. The fund acquired 7,219 shares of the business services provider’s stock, valued at approximately $1,652,000.

Other hedge funds also recently made changes to their positions in the company. Saudi Central Bank acquired a new position in shares of Waste Management during the first quarter worth about $37,000. GKV Capital Management Co. Inc. purchased a new position in shares of Waste Management during the 1st quarter worth approximately $38,000. Wealth Watch Advisors INC acquired a new stake in shares of Waste Management in the 2nd quarter valued at approximately $43,000. New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management in the first quarter valued at approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in Waste Management by 381.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 1.4%

WM opened at $203.26 on Wednesday. The firm’s 50 day moving average is $213.90 and its 200-day moving average is $224.85. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $81.88 billion, a P/E ratio of 32.01, a P/E/G ratio of 2.51 and a beta of 0.62.

Waste Management (NYSE:WM) last released its quarterly earnings results 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 for 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%. Waste Management’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is presently 51.97%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WM shares. JPMorgan Chase & Co. decreased their target price on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. UBS Group reduced their price objective on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Raymond James Financial upped their target price on shares of Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Barclays decreased their target price on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.79.

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.