Waste Management, Inc. $WM Shares Acquired by Saturna Capital Corp

Saturna Capital Corp boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 199.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,851 shares of the business services provider’s stock after purchasing an additional 3,900 shares during the period. Saturna Capital Corp’s holdings in Waste Management were worth $1,339,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its stake 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 buying an additional 1,698 shares during the last quarter. GPM Growth Investors Inc. boosted its stake in Waste Management by 50.6% during the 2nd quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock valued at $3,808,000 after acquiring an additional 5,588 shares during the last quarter. Machina Capital S.A.S. acquired a new position in Waste Management during the 2nd quarter worth $4,361,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Waste Management in the 2nd quarter worth about $6,865,000. Finally, Zevenbergen Capital Investments LLC raised its stake in shares of 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 valued at $2,158,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the subject of several research analyst reports. Raymond James Financial boosted their price objective on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. National Bankshares dropped their price target on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Wells Fargo & Company assumed coverage on shares of Waste Management in a report on Friday, November 14th. They set an “overweight” rating and a $238.00 target price on the stock. Scotiabank decreased their price target on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a report on Wednesday, October 29th. Finally, William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $248.25.

Waste Management Stock Up 1.6%

WM stock opened at $211.29 on Wednesday. The stock has a market cap of $85.12 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. The firm’s 50-day simple moving average is $212.49 and its 200 day simple moving average is $223.98. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36.

Waste Management (NYSE:WM) last posted its 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 firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the previous year, the firm earned $1.96 earnings per share. The company’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. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, December 5th. Waste Management’s payout ratio is 51.97%.

Waste Management Company 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.