New York Life Investment Management LLC Purchases 829 Shares of Waste Management, Inc. $WM

New York Life Investment Management LLC lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,399 shares of the business services provider’s stock after purchasing an additional 829 shares during the period. New York Life Investment Management LLC’s holdings in Waste Management were worth $12,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in 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 acquiring an additional 2,320 shares during the period. Sprott Inc. bought a new position in Waste Management during the first quarter worth about $325,000. Golden State Wealth Management LLC increased its holdings in shares of Waste Management by 41.7% during the first quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider’s stock worth $183,000 after purchasing an additional 232 shares during the period. Koshinski Asset Management Inc. increased its holdings in shares of Waste Management by 6.1% during the first quarter. Koshinski Asset Management Inc. now owns 11,992 shares of the business services provider’s stock worth $2,776,000 after purchasing an additional 694 shares during the period. Finally, Alta Advisers Ltd increased its holdings in shares of Waste Management by 59.4% during the first quarter. Alta Advisers Ltd now owns 1,878 shares of the business services provider’s stock worth $435,000 after purchasing an additional 700 shares during the period. Institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. National Bankshares decreased their price target on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Barclays decreased their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Finally, BMO Capital Markets upped their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $253.00.

Waste Management Stock Performance

NYSE WM opened at $204.06 on Wednesday. The firm’s fifty day moving average price is $219.19 and its two-hundred day moving average price is $226.95. The stock has a market cap of $82.20 billion, a PE ratio of 32.14, a PEG ratio of 2.63 and a beta of 0.64. Waste Management, Inc. has a fifty-two week low of $197.25 and a fifty-two week high of $242.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a return on equity of 33.77% and a net margin of 10.35%.The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 12th. Waste Management’s payout ratio is 48.96%.

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.