Bryn Mawr Trust Advisors LLC Has $312,000 Stake in Waste Management, Inc. $WM

Bryn Mawr Trust Advisors LLC boosted its position in Waste Management, Inc. (NYSE:WM) by 35.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,364 shares of the business services provider’s stock after purchasing an additional 355 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Waste Management were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WM. Saudi Central Bank acquired a new stake in Waste Management during the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new position in shares of Waste Management during the first quarter valued at $38,000. Wealth Watch Advisors INC acquired a new position in shares of Waste Management during the second quarter worth $43,000. New Age Alpha Advisors LLC bought a new stake in shares of Waste Management in the first quarter worth $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in 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 valued at $47,000 after purchasing an additional 160 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Scotiabank reduced their price target on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 29th. JPMorgan Chase & Co. reduced their target price on Waste Management from $277.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. William Blair restated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Barclays reduced their price objective on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $238.00 to $242.00 in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $248.44.

Waste Management Stock Up 1.1%

Shares of NYSE WM opened at $201.87 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82. The company has a 50-day moving average price of $214.88 and a 200-day moving average price of $225.24. The stock has a market capitalization of $81.33 billion, a P/E ratio of 31.79, a P/E/G ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. Waste Management’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced 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 dividend yield of 1.6%. Waste Management’s payout ratio is presently 51.97%.

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.