Mitchell Sinkler & Starr PA Has $2.09 Million Stock Holdings in Waste Management, Inc. $WM

Mitchell Sinkler & Starr PA increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,130 shares of the business services provider’s stock after buying an additional 130 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Waste Management were worth $2,089,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WM. Westend Capital Management LLC boosted its position in Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after buying an additional 66 shares during the period. West Branch Capital LLC raised its holdings in Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after purchasing an additional 49 shares during the last quarter. Saudi Central Bank bought a new position in Waste Management during the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new position in Waste Management during the 1st quarter worth approximately $38,000. Finally, New Age Alpha Advisors LLC bought a new position in Waste Management during the 1st quarter worth approximately $45,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

Shares of WM stock opened at $219.09 on Friday. The firm has a market capitalization of $88.26 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. The firm has a fifty day simple moving average of $223.04 and a two-hundred day simple moving average of $227.97. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. Waste Management’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s payout ratio is 48.96%.

Wall Street Analysts Forecast Growth

WM has been the subject of several analyst reports. UBS Group raised their price target on shares of Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. CIBC raised their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Barclays lowered their price objective on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a research note on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $254.32.

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.