Waste Management, Inc. $WM Stake Reduced by DLK Investment Management LLC

DLK Investment Management LLC cut its position in Waste Management, Inc. (NYSE:WM) by 0.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 33,199 shares of the business services provider’s stock after selling 131 shares during the quarter. Waste Management accounts for approximately 2.9% of DLK Investment Management LLC’s investment portfolio, making the stock its 8th biggest holding. DLK Investment Management LLC’s holdings in Waste Management were worth $7,597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC raised its stake in shares of Waste Management by 126.9% in 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 last quarter. West Branch Capital LLC raised its position in Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after buying an additional 49 shares during the last quarter. Saudi Central Bank bought a new position in Waste Management during the 1st quarter valued at about $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management during the 1st quarter valued at about $38,000. Finally, Adalta Capital Management LLC purchased a new position in shares of Waste Management during the fourth quarter valued at approximately $40,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

NYSE:WM opened at $214.01 on Wednesday. The business’s 50-day moving average is $226.63 and its 200 day moving average is $229.08. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The company has a market capitalization of $86.21 billion, a P/E ratio of 31.75, a P/E/G 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.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.03. The business 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 firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is 48.96%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WM shares. BMO Capital Markets raised their target price 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. Citigroup dropped their price target on Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group upped their price objective on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Melius Research raised Waste Management to a “strong-buy” rating and set a $263.00 target price on the stock in a research report on Monday, June 9th. Finally, Raymond James Financial upped their price target on shares of Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $254.18.

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.