Waste Management, Inc. $WM Shares Purchased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,684 shares of the business services provider’s stock after purchasing an additional 98 shares during the period. Resonant Capital Advisors LLC’s holdings in Waste Management were worth $385,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of WM. Ameriprise Financial Inc. raised its position in Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock worth $1,233,240,000 after acquiring an additional 1,239,996 shares in the last quarter. Northern Trust Corp grew 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 worth $941,709,000 after purchasing an additional 70,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 purchasing an additional 709,557 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $570,108,000 after purchasing an additional 36,836 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted 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 buying an additional 29,715 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Oppenheimer reduced their price objective on Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Scotiabank lifted their price target on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. Two equities 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 company’s stock. Based on data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average price target of $253.00.

Waste Management Trading Down 0.5%

Shares of WM stock opened at $213.69 on Tuesday. The company has a market capitalization of $86.08 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.64 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The firm has a 50-day moving average price of $219.68 and a 200 day moving average price of $227.10. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 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 analysts’ expectations of $6.51 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio is currently 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.