Waste Management, Inc. $WM Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC cut its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,468 shares of the business services provider’s stock after selling 576 shares during the quarter. Waste Management accounts for about 1.2% of Schnieders Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Schnieders Capital Management LLC’s holdings in Waste Management were worth $6,743,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WM. Ameriprise Financial Inc. lifted its position in 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 purchasing an additional 1,239,996 shares during the period. Northern Trust Corp raised its stake in shares of Waste Management by 1.8% during the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock valued at $941,709,000 after buying an additional 70,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 valued at $774,000,000 after buying an additional 709,557 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Waste Management by 1.5% in the first 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Waste Management by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock worth $505,137,000 after acquiring an additional 29,715 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WM. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a report on Wednesday, October 8th. Oppenheimer decreased their target price on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Stifel Nicolaus initiated coverage on shares of Waste Management in a report on Tuesday, September 30th. They set a “buy” rating and a $252.00 price target on the stock. CIBC lifted their price objective on shares of Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, June 26th. Finally, BMO Capital Markets upped their price objective on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. Two equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $253.00.

Waste Management Price Performance

Waste Management stock opened at $215.59 on Monday. The stock has a market capitalization of $86.85 billion, a P/E ratio of 31.99, a P/E/G ratio of 2.65 and a beta of 0.64. The company’s fifty day moving average price is $221.39 and its 200 day moving average price is $227.35. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year 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, topping 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 analysts’ expectations of $6.37 billion. During the same period in the prior year, the business posted $1.82 earnings per share. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed 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. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s payout ratio is 48.96%.

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.