Waste Management, Inc. $WM Position Lifted by Czech National Bank

Czech National Bank raised its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.7% during the second quarter, HoldingsChannel reports. The fund owned 89,510 shares of the business services provider’s stock after acquiring an additional 5,620 shares during the quarter. Czech National Bank’s holdings in Waste Management were worth $20,482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WM. Westend Capital Management LLC raised its holdings in shares of Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after purchasing an additional 66 shares during the period. West Branch Capital LLC raised its holdings in shares of Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after purchasing an additional 49 shares during the period. Saudi Central Bank acquired a new stake in shares of Waste Management during the first quarter worth $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management during the first quarter worth $38,000. Finally, Adalta Capital Management LLC acquired a new stake in shares of Waste Management during the fourth quarter worth $40,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Down 1.0%

Waste Management stock opened at $214.01 on Wednesday. The stock has a market cap of $86.21 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 2.65 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The company’s 50-day moving average price is $226.63 and its two-hundred day moving average price is $229.08. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last released its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter last year, the company earned $1.82 EPS. Waste Management’s quarterly revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, analysts expect 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, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is 48.96%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WM. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. BMO Capital Markets increased their price objective on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Melius Research raised shares of Waste Management to a “strong-buy” rating and set a $263.00 price objective on the stock in a report on Monday, June 9th. CIBC increased their price objective on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Finally, Oppenheimer increased their price objective on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $254.18.

Waste Management Company 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.