KBC Group NV Sells 3,229 Shares of Waste Management, Inc. $WM

KBC Group NV reduced its holdings in Waste Management, Inc. (NYSE:WM) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 347,631 shares of the business services provider’s stock after selling 3,229 shares during the period. KBC Group NV owned 0.09% of Waste Management worth $79,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Saudi Central Bank bought a new position in Waste Management in the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. acquired a new position in Waste Management during the first quarter worth $38,000. Wealth Watch Advisors INC bought a new stake in Waste Management during the second quarter worth $43,000. New Age Alpha Advisors LLC bought a new position in shares of Waste Management in the 1st quarter valued at about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in Waste Management by 381.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after purchasing an additional 160 shares during the period. 80.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WM has been the subject of a number of recent analyst reports. CIBC cut their price objective on Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday. Oppenheimer reiterated an “outperform” rating and issued a $262.00 price objective on shares of Waste Management in a report on Wednesday, October 29th. William Blair restated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Finally, Citigroup increased their target price on Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. 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, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $248.44.

Waste Management Trading Up 1.4%

Shares of NYSE:WM opened at $203.26 on Wednesday. The company has a market capitalization of $81.88 billion, a P/E ratio of 32.01, a P/E/G ratio of 2.51 and a beta of 0.62. 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 business’s 50 day simple moving average is $213.90 and its 200 day simple moving average is $224.85. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58.

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

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.825 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is presently 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.