Waste Management, Inc. (NYSE:WM) is Atwater Malick LLC’s 4th Largest Position

Posted by Defense World Staff on Jun 14th, 2023

Atwater Malick LLC boosted its stake in Waste Management, Inc. (NYSE:WM – Get Rating) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,804 shares of the business services provider’s stock after buying an additional 601 shares during the quarter. Waste Management makes up about 4.9% of Atwater Malick LLC’s holdings, making the stock its 4th biggest position. Atwater Malick LLC’s holdings in Waste Management were worth $9,853,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Financial Group LLC acquired a new position in shares of Waste Management during the 4th quarter worth $31,000. AXS Investments LLC acquired a new position in Waste Management in the 4th quarter valued at $42,000. HBC Financial Services PLLC acquired a new position in Waste Management in the 4th quarter valued at $47,000. Ritter Daniher Financial Advisory LLC DE grew its stake in Waste Management by 387.9% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 322 shares of the business services provider’s stock valued at $51,000 after buying an additional 256 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new position in Waste Management in the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 78.48% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of a number of research analyst reports. Truist Financial initiated coverage on shares of Waste Management in a research note on Monday, April 17th. They issued a “buy” rating and a $190.00 target price on the stock. 51job reiterated a “maintains” rating on shares of Waste Management in a research note on Thursday, April 27th. TD Cowen assumed coverage on shares of Waste Management in a research note on Thursday, March 30th. They issued an “outperform” rating and a $200.00 target price on the stock. StockNews.com assumed coverage on shares of Waste Management in a report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, BMO Capital Markets increased their price target on shares of Waste Management from $158.00 to $167.00 in a report on Thursday, April 6th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $176.64.

Waste Management Price Performance

NYSE:WM opened at $162.10 on Wednesday. The company has a 50-day moving average of $164.93 and a 200-day moving average of $159.23. The company has a market capitalization of $65.95 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 2.67 and a beta of 0.73. Waste Management, Inc. has a 52 week low of $138.89 and a 52 week high of $175.98. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.83 and a current ratio of 0.87.

Waste Management (NYSE:WM – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.02. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.86 billion. Waste Management had a net margin of 11.33% and a return on equity of 33.23%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. As a group, equities research analysts anticipate that Waste Management, Inc. will post 6.03 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, June 1st. Waste Management’s dividend payout ratio is currently 51.28%.

About Waste Management

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Waste Management, Inc is a holding company, which engages in the provision of waste management environmental services. It operates through the following segments: East Tier, West Tier, and Other. The East Tier segment consists of Eastern U.S., the Great Lakes Region, and Canada. The West Tier segment includes the upper Midwest region and British Columbia, Canada.