L & S Advisors Inc Has $3.24 Million Position in Waste Management, Inc. $WM

L & S Advisors Inc lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 3.2% in the second quarter, Holdings Channel.com reports. The fund owned 14,144 shares of the business services provider’s stock after selling 471 shares during the quarter. L & S Advisors Inc’s holdings in Waste Management were worth $3,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings 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 worth $1,384,000 after buying an additional 2,320 shares during the last quarter. Sprott Inc. acquired a new stake in shares of Waste Management in the 1st quarter valued at approximately $325,000. Larson Financial Group LLC boosted its stake in Waste Management by 12.2% during the 1st quarter. Larson Financial Group LLC now owns 3,084 shares of the business services provider’s stock worth $714,000 after acquiring an additional 336 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in Waste Management by 0.7% during the first quarter. Cullen Frost Bankers Inc. now owns 7,208 shares of the business services provider’s stock valued at $1,669,000 after purchasing an additional 49 shares during the period. Finally, Ascent Wealth Partners LLC increased its stake in Waste Management by 11.5% in the first quarter. Ascent Wealth Partners LLC now owns 35,264 shares of the business services provider’s stock valued at $8,164,000 after purchasing an additional 3,643 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WM has been the topic of a number of recent analyst reports. Sanford C. Bernstein assumed coverage on shares of Waste Management in a research report on Wednesday. They set an “outperform” rating and a $255.00 price target on the stock. Citigroup increased their price target on Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Oppenheimer reiterated an “outperform” rating and set a $262.00 price objective on shares of Waste Management in a report on Wednesday, October 29th. Weiss Ratings cut Waste Management from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $248.79.

Waste Management Trading Up 0.4%

Waste Management stock opened at $204.55 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 firm has a 50-day moving average of $213.09 and a 200-day moving average of $224.56. The company has a market cap of $82.41 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a one year low of $194.11 and a one 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 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 business’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, December 5th. Waste Management’s dividend payout ratio is 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.