Waste Management, Inc. $WM Stock Position Lifted by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.6% during the second quarter, Holdings Channel.com reports. The firm owned 21,314 shares of the business services provider’s stock after acquiring an additional 134 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Waste Management were worth $4,877,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Clarius Group LLC raised its position in shares of Waste Management by 14.8% during the 2nd quarter. Clarius Group LLC now owns 3,905 shares of the business services provider’s stock worth $894,000 after buying an additional 503 shares in the last quarter. LGT Fund Management Co Ltd. increased its stake in shares of Waste Management by 30.1% during the second quarter. LGT Fund Management Co Ltd. now owns 26,607 shares of the business services provider’s stock valued at $6,088,000 after acquiring an additional 6,154 shares during the period. Apexium Financial LP raised its holdings in Waste Management by 5.9% during the second quarter. Apexium Financial LP now owns 951 shares of the business services provider’s stock worth $218,000 after purchasing an additional 53 shares in the last quarter. Quent Capital LLC boosted its stake in Waste Management by 13.3% during the 2nd quarter. Quent Capital LLC now owns 1,284 shares of the business services provider’s stock valued at $294,000 after purchasing an additional 151 shares in the last quarter. Finally, NTV Asset Management LLC increased its position in shares of Waste Management by 1.0% during the 2nd quarter. NTV Asset Management LLC now owns 25,683 shares of the business services provider’s stock valued at $5,877,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $219.77 on Monday. The company has a market capitalization of $88.53 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 2.68 and a beta of 0.64. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The stock’s fifty day simple moving average is $224.29 and its 200-day simple moving average is $228.27.

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

Waste Management Announces Dividend

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

Analyst Upgrades and Downgrades

WM has been the subject of several research reports. Stifel Nicolaus assumed coverage on Waste Management in a research note on Tuesday, September 30th. They set a “buy” rating and a $252.00 target price for the company. Barclays began coverage on shares of Waste Management in a report on Friday, September 19th. They issued an “overweight” rating and a $272.00 target price on the stock. Oppenheimer raised their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Raymond James Financial upped their price target on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $229.00 target price on shares of Waste Management in a research report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $255.17.

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.