Waste Management, Inc. $WM Shares Sold by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,296 shares of the business services provider’s stock after selling 293 shares during the period. Zions Bancorporation National Association UT’s holdings in Waste Management were worth $2,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC grew its position in shares of Waste Management by 3.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock valued at $13,064,000 after acquiring an additional 1,698 shares during the period. GPM Growth Investors Inc. boosted its position in Waste Management by 50.6% during the second quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock worth $3,808,000 after purchasing an additional 5,588 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in Waste Management in the second quarter valued at approximately $4,361,000. Brighton Jones LLC increased 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 valued at $1,384,000 after buying an additional 2,320 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Waste Management during the 2nd quarter worth approximately $6,865,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Trading Up 1.1%

WM opened at $201.87 on Monday. The firm has a market capitalization of $81.33 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. The company’s 50 day simple moving average is $214.88 and its two-hundred day simple moving average is $225.21. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $242.58. 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 posted its quarterly earnings results 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). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter last year, the company earned $1.96 earnings per share. Waste Management’s revenue for the quarter was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 12th. Waste Management’s payout ratio is currently 51.97%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WM shares. Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $238.00 to $242.00 in a research note on Tuesday, November 4th. William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Royal Bank Of Canada decreased their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Finally, UBS Group cut their price objective on Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.44.

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.