Signature Estate & Investment Advisors LLC Grows Holdings in Waste Management, Inc. $WM

Signature Estate & Investment Advisors LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 4.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,347 shares of the business services provider’s stock after purchasing an additional 62 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Waste Management were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in WM. McAdam LLC boosted its stake in Waste Management by 3.1% during the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after buying an additional 44 shares in the last quarter. Stonebridge Financial Group LLC raised its stake in shares of Waste Management by 3.0% in the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock valued at $355,000 after acquiring an additional 45 shares in the last quarter. Formidable Asset Management LLC raised its stake in shares of Waste Management by 2.0% in the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after acquiring an additional 45 shares in the last quarter. Harbour Trust & Investment Management Co grew its holdings in Waste Management by 1.1% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after buying an additional 45 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Waste Management by 3.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock valued at $349,000 after buying an additional 46 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WM has been the topic of several recent research reports. National Bankshares decreased their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. CIBC lifted their price objective on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Raymond James Financial lifted their price objective on Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, UBS Group decreased their price target on Waste Management from $265.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. 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, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

Waste Management Trading Up 0.0%

Shares of WM opened at $215.50 on Tuesday. The stock has a fifty day moving average price of $220.96 and a two-hundred day moving average price of $227.28. 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 52-week low of $199.69 and a 52-week high of $242.58. The company has a market cap of $86.81 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 2.65 and a beta of 0.64.

Waste Management (NYSE:WM) last released its earnings results 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. The company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

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