Robertson Stephens Wealth Management LLC Decreases Position in Waste Management, Inc. $WM

Robertson Stephens Wealth Management LLC trimmed its position in shares of Waste Management, Inc. (NYSE:WM) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,807 shares of the business services provider’s stock after selling 870 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Waste Management were worth $2,015,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WM. Westend Capital Management LLC lifted its position in shares of Waste Management by 126.9% in 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 lifted its position in shares of Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 49 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Waste Management in the first quarter valued at $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management in the first quarter valued at $38,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management in the first quarter valued at $45,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Performance

Shares of NYSE:WM opened at $219.09 on Friday. The firm has a market capitalization of $88.26 billion, a PE ratio of 32.51, a P/E/G ratio of 2.68 and a beta of 0.64. 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 business has a 50-day moving average of $223.04 and a two-hundred day moving average of $227.98. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly 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 company 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 firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio is currently 48.96%.

Analyst Ratings Changes

Several analysts have recently issued reports on WM shares. Barclays reduced their price objective on Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research report on Thursday. Oppenheimer dropped their target price on Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research note on Wednesday. BMO Capital Markets upped their target price on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research note on Wednesday, July 30th. National Bankshares dropped their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

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.