Waste Management, Inc. $WM Holdings Raised by Community Financial Services Group LLC

Community Financial Services Group LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 1.8% in the second quarter, Holdings Channel reports. The institutional investor owned 22,968 shares of the business services provider’s stock after acquiring an additional 403 shares during the quarter. Community Financial Services Group LLC’s holdings in Waste Management were worth $5,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WM. Westend Capital Management LLC lifted its position 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 buying an additional 66 shares in the last quarter. West Branch Capital LLC lifted its position in Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after buying an additional 49 shares in the last quarter. Saudi Central Bank purchased a new stake in Waste Management in the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new position in shares of Waste Management during the 1st quarter valued at $38,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Waste Management during the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM opened at $220.10 on Thursday. The company has a market capitalization of $88.66 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. 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 company’s fifty day moving average price is $224.77 and its 200 day moving average price is $228.37.

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. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed 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. 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 payout ratio is presently 48.96%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WM. Scotiabank raised their price target on shares of Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. UBS Group raised 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. Oppenheimer raised their price target on shares of Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Stifel Nicolaus began coverage on shares of Waste Management in a report on Tuesday. They set a “buy” rating and a $252.00 price target on the stock. Finally, Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.17.

Waste Management Company 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.