Blue Chip Partners LLC Grows Stock Holdings in Waste Management, Inc. $WM

Blue Chip Partners LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,356 shares of the business services provider’s stock after buying an additional 3,549 shares during the period. Waste Management accounts for about 2.3% of Blue Chip Partners LLC’s investment portfolio, making the stock its 15th largest position. Blue Chip Partners LLC’s holdings in Waste Management were worth $31,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Elevated Capital Advisors LLC bought a new position in shares of Waste Management in the fourth quarter worth about $25,000. RHL Group LLC acquired a new stake in Waste Management in the fourth quarter valued at approximately $29,000. Financial Network Wealth Advisors LLC grew its stake in Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after buying an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in shares of Waste Management during the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new position in Waste Management during the 3rd quarter valued at approximately $30,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on WM shares. TD Cowen raised their target price on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays increased their price target on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce raised shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price target for the company in a research note on Tuesday, July 7th. Scotiabank boosted their price objective on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. Finally, Wells Fargo & Company lowered their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $256.74.

Trending Headlines about Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know
• Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade
• Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth
• Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges

Waste Management Trading Up 0.0%

NYSE WM opened at $238.86 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The firm has a 50-day moving average price of $224.17 and a 200 day moving average price of $227.13. The stock has a market capitalization of $95.92 billion, a P/E ratio of 34.57, a P/E/G ratio of 2.90 and a beta of 0.44. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. Equities research analysts expect that Waste Management, Inc. will post 8.16 EPS for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is 54.70%.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.