Waste Management, Inc. $WM Shares Sold by World Investment Advisors

World Investment Advisors lowered its holdings in Waste Management, Inc. (NYSE:WM) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,975 shares of the business services provider’s stock after selling 86 shares during the quarter. World Investment Advisors’ holdings in Waste Management were worth $2,969,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Saudi Central Bank purchased a new stake in shares of Waste Management in the first quarter worth about $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management in the first quarter worth about $38,000. Wealth Watch Advisors INC purchased a new stake in shares of Waste Management in the second quarter worth about $43,000. New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management in the first quarter worth about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Waste Management by 381.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of Waste Management stock opened at $200.61 on Friday. The business has a 50 day simple moving average of $217.96 and a two-hundred day simple moving average of $226.54. Waste Management, Inc. has a 12 month low of $197.02 and a 12 month high of $242.58. The stock has a market capitalization of $80.81 billion, a P/E ratio of 31.59, a PEG ratio of 2.51 and a beta of 0.64. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last announced its 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). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the previous year, the company earned $1.96 EPS. Waste Management’s revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WM shares. CIBC lowered their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday. Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. William Blair restated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Citigroup upped their price target on Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, UBS Group reduced their price target on Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $249.44.

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.