Waste Management, Inc. $WM Holdings Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,130 shares of the business services provider’s stock after buying an additional 3,378 shares during the quarter. D.A. Davidson & CO.’s holdings in Waste Management were worth $20,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Zevenbergen Capital Investments LLC grew its holdings in shares of Waste Management by 30.4% during the second quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock valued at $2,158,000 after buying an additional 2,200 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Waste Management by 82.9% in the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider’s stock worth $5,248,000 after buying an additional 10,272 shares during the last quarter. BROOKFIELD Corp ON lifted its position in shares of Waste Management by 25.1% during the 1st quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider’s stock worth $4,661,000 after purchasing an additional 4,043 shares during the last quarter. Finally, Czech National Bank lifted its position in shares of Waste Management by 6.7% during the 2nd quarter. Czech National Bank now owns 89,510 shares of the business services provider’s stock worth $20,482,000 after purchasing an additional 5,620 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on WM. Raymond James Financial boosted their price objective on Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $229.00 price objective on shares of Waste Management in a research report on Thursday, June 26th. 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 research report on Tuesday, October 7th. Scotiabank boosted their price objective on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 31st. Finally, UBS Group cut their price objective on Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.00.

Waste Management Trading Down 0.3%

Shares of WM opened at $214.73 on Wednesday. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The firm has a market capitalization of $86.50 billion, a price-to-earnings ratio of 31.86, a P/E/G ratio of 2.65 and a beta of 0.64. The stock’s 50-day moving average price is $220.60 and its 200 day moving average price is $227.20.

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

Waste Management Announces Dividend

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

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.