Waste Management, Inc. $WM Shares Bought by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 37.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,473 shares of the business services provider’s stock after purchasing an additional 400 shares during the period. Winthrop Advisory Group LLC’s holdings in Waste Management were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of WM. Westend Capital Management LLC raised its position in Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 66 shares in the last quarter. West Branch Capital LLC grew its stake in shares of Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after purchasing an additional 49 shares during the period. Saudi Central Bank acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management during the first quarter valued at $38,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Waste Management during the first quarter valued at $45,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on WM. Raymond James Financial upped their price target on Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. CIBC boosted their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Scotiabank boosted their target price on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 31st. National Bankshares cut their target price on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, Barclays started coverage on Waste Management in a research note on Friday, September 19th. They set an “overweight” rating and a $272.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $254.53.

Waste Management Stock Down 0.1%

Shares of NYSE WM opened at $217.54 on Wednesday. The stock has a market cap of $87.63 billion, a PE ratio of 32.28, a P/E/G ratio of 2.66 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The company has a 50-day moving average of $223.72 and a 200 day moving average of $228.15.

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

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid 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 (DPR) is 48.96%.

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.