947 Shares in Waste Management, Inc. $WM Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 947 shares of the business services provider’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares in the last quarter. Empowered Funds LLC boosted its position in Waste Management by 82.9% during the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider’s stock worth $5,248,000 after acquiring an additional 10,272 shares during the last quarter. Zevenbergen Capital Investments LLC boosted its position in Waste Management by 30.4% during the second quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock worth $2,158,000 after acquiring an additional 2,200 shares during the last quarter. BROOKFIELD Corp ON boosted its position in Waste Management by 25.1% during the first quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider’s stock worth $4,661,000 after acquiring an additional 4,043 shares during the last quarter. Finally, Czech National Bank lifted its stake in shares of Waste Management by 6.7% during the 2nd quarter. Czech National Bank now owns 89,510 shares of the business services provider’s stock worth $20,482,000 after purchasing an additional 5,620 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $217.09 on Tuesday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The firm has a 50-day moving average of $225.80 and a two-hundred day moving average of $228.69. The stock has a market cap of $87.45 billion, a P/E ratio of 32.21, a PEG ratio of 2.65 and a beta of 0.64. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58.

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

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.825 dividend. 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 currently 48.96%.

Analysts Set New Price Targets

Several analysts have commented on the company. 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 report on Wednesday, July 30th. Oppenheimer raised their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Melius Research upgraded shares of Waste Management to a “strong-buy” rating and set a $263.00 price target on the stock in a report on Monday, June 9th. Finally, Scotiabank increased their target price on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.17.

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.