Trust Co. of Toledo NA OH Sells 1,211 Shares of Waste Management, Inc. $WM

Trust Co. of Toledo NA OH cut its stake in shares of Waste Management, Inc. (NYSE:WM) by 5.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 20,955 shares of the business services provider’s stock after selling 1,211 shares during the period. Trust Co. of Toledo NA OH’s holdings in Waste Management were worth $4,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. increased its position in shares of Waste Management by 30.4% during the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after acquiring an additional 1,239,996 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Waste Management by 1.8% in the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock worth $941,709,000 after purchasing an additional 70,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock worth $774,000,000 after buying an additional 709,557 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock worth $570,108,000 after buying an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Waste Management by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock worth $505,137,000 after buying an additional 29,715 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management Price Performance

NYSE WM opened at $219.09 on Friday. The company has a market capitalization of $88.26 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The business’s fifty day moving average is $223.04 and its 200 day moving average is $227.98. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58.

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

Waste Management Dividend Announcement

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

Wall Street Analyst Weigh In

WM has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday. Stifel Nicolaus assumed coverage on shares of Waste Management in a research note on Tuesday, September 30th. They set a “buy” rating and a $252.00 target price for the company. Citigroup lowered their price target on Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. National Bankshares cut their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Raymond James Financial increased their target price on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

About Waste Management

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.