Stock Yards Bank & Trust Co. Has $34.33 Million Stock Position in Waste Management, Inc. $WM

Stock Yards Bank & Trust Co. trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,023 shares of the business services provider’s stock after selling 2,150 shares during the period. Waste Management makes up about 1.1% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 28th biggest position. Stock Yards Bank & Trust Co.’s holdings in Waste Management were worth $34,328,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WM. Brighton Jones LLC raised 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 valued at $1,384,000 after buying an additional 2,320 shares during the period. Merit Financial Group LLC increased its position in Waste Management by 17.3% in the 1st quarter. Merit Financial Group LLC now owns 10,293 shares of the business services provider’s stock worth $2,383,000 after purchasing an additional 1,519 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Waste Management by 68.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 244 shares of the business services provider’s stock worth $57,000 after purchasing an additional 99 shares during the last quarter. Sprott Inc. acquired a new position in Waste Management in the 1st quarter worth about $325,000. Finally, Annex Advisory Services LLC increased its position in Waste Management by 61.7% in the 1st quarter. Annex Advisory Services LLC now owns 2,378 shares of the business services provider’s stock worth $551,000 after purchasing an additional 907 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

Shares of NYSE:WM opened at $219.77 on Friday. The business has a 50 day moving average price of $224.29 and a 200 day moving average price of $228.25. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The company has a market cap of $88.53 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.65 and a beta of 0.64. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.Waste Management’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management’s dividend payout ratio is presently 48.96%.

Analyst Ratings Changes

Several brokerages have weighed in on WM. Melius began coverage on Waste Management in a research report on Monday, June 9th. They issued a “buy” rating on the stock. William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. CIBC upped their price target on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, June 26th. Citigroup decreased their price target on Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average 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.