3Chopt Investment Partners LLC Acquires 84 Shares of Waste Management, Inc. $WM

3Chopt Investment Partners LLC grew its position in Waste Management, Inc. (NYSE:WM) by 5.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,652 shares of the business services provider’s stock after acquiring an additional 84 shares during the period. 3Chopt Investment Partners LLC’s holdings in Waste Management were worth $378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westend Capital Management LLC boosted its stake in Waste Management by 126.9% in the 1st 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% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the period. Saudi Central Bank bought a new stake in shares of Waste Management in the 1st quarter valued at about $37,000. GKV Capital Management Co. Inc. bought a new stake in shares of Waste Management in the 1st quarter valued at about $38,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Waste Management in the 1st quarter valued at about $45,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Up 0.7%

Shares of WM opened at $219.09 on Friday. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The firm’s 50 day moving average is $223.04 and its 200-day moving average is $227.98. The stock has a market capitalization of $88.26 billion, a PE ratio of 32.51, a P/E/G ratio of 2.68 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 announced its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping 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 company had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the firm earned $1.82 earnings per share. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.825 per share. The ex-dividend date was 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 currently 48.96%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Citigroup lowered their price target on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Raymond James Financial increased their price target on shares of Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a report on Wednesday. Finally, UBS Group increased their price target on shares of Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $254.32.

Waste Management 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.