Waste Management, Inc. $WM Stock Holdings Decreased by Stack Financial Management Inc

Stack Financial Management Inc reduced its position in Waste Management, Inc. (NYSE:WM) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,517 shares of the business services provider’s stock after selling 1,632 shares during the period. Waste Management comprises approximately 3.0% of Stack Financial Management Inc’s holdings, making the stock its 8th largest position. Stack Financial Management Inc’s holdings in Waste Management were worth $33,526,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock worth $1,233,240,000 after acquiring an additional 1,239,996 shares in the last quarter. Northern Trust Corp increased its position in shares of Waste Management by 1.8% in the first quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock worth $941,709,000 after acquiring an additional 70,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Waste Management by 26.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock worth $774,000,000 after acquiring an additional 709,557 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Waste Management by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock worth $570,108,000 after acquiring an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Waste Management by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock valued at $505,137,000 after purchasing an additional 29,715 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Performance

WM stock opened at $219.09 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $88.26 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 2.70 and a beta of 0.64. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The firm has a 50 day moving average of $223.04 and a two-hundred day moving average of $227.96.

Waste Management (NYSE:WM) last posted its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio is currently 48.96%.

Analyst Ratings Changes

A number of brokerages recently commented on WM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. BMO Capital Markets boosted their price objective on shares of Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research report on Wednesday, July 30th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $229.00 price objective on shares of Waste Management in a research report on Thursday, June 26th. Finally, National Bankshares lowered their price objective on shares of 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $254.32.

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.