Bailard Inc. Sells 335 Shares of Waste Management, Inc. $WM

Bailard Inc. decreased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,544 shares of the business services provider’s stock after selling 335 shares during the period. Bailard Inc.’s holdings in Waste Management were worth $19,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of WM. Wealthfront Advisers LLC lifted its position in shares of Waste Management by 3.1% in the second 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 in the last quarter. GPM Growth Investors Inc. raised its position in shares of 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 valued at $3,808,000 after buying an additional 5,588 shares during the last quarter. Machina Capital S.A.S. purchased a new position in shares of Waste Management in the second quarter worth $4,361,000. Brighton Jones LLC grew its stake in Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after acquiring an additional 2,320 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC lifted its stake in Waste Management by 30.4% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock worth $2,158,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on WM shares. Raymond James Financial boosted their target price on Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Citigroup lifted their price objective on shares of Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Cowen restated a “buy” rating on shares of Waste Management in a research report on Wednesday, October 29th. Finally, UBS Group reduced their price objective on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.44.

Waste Management Stock Up 1.4%

Shares of NYSE:WM opened at $203.26 on Wednesday. The firm has a market capitalization of $81.88 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. The business has a 50 day simple moving average of $213.90 and a two-hundred day simple moving average of $224.85. 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 released its 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 for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 dividend on an annualized basis and a yield of 1.6%. Waste Management’s payout ratio is 51.97%.

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.