First Command Advisory Services Inc. Has $159,000 Holdings in Waste Management, Inc. $WM

First Command Advisory Services Inc. cut its holdings in shares of Waste Management, Inc. (NYSE:WM) by 43.6% in the second quarter, HoldingsChannel reports. The fund owned 696 shares of the business services provider’s stock after selling 537 shares during the quarter. First Command Advisory Services Inc.’s holdings in Waste Management were worth $159,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in shares of Waste Management by 30.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after buying an additional 1,239,996 shares during the last quarter. Northern Trust Corp raised its stake 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 valued at $941,709,000 after acquiring an additional 70,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 during the period. Dimensional Fund Advisors LP increased its position 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 during the period. Finally, Charles Schwab Investment Management Inc. increased its position 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 during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Down 0.5%

Shares of Waste Management stock opened at $213.69 on Tuesday. 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 company has a market capitalization of $86.08 billion, a P/E ratio of 31.70, a price-to-earnings-growth ratio of 2.64 and a beta of 0.64. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The business has a 50-day moving average of $219.68 and a two-hundred day moving average of $227.10.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 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 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given 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 dividend payout ratio is 48.96%.

Analysts Set New Price Targets

Several analysts have recently weighed in on WM shares. Oppenheimer decreased their price objective on Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Raymond James Financial upped their price target on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Stifel Nicolaus started coverage on shares of Waste Management in a research report on Tuesday, September 30th. They set a “buy” rating and a $252.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. Finally, UBS Group cut 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 research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $253.00.

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.