Maple Capital Management Inc. Sells 615 Shares of Waste Management, Inc. $WM

Maple Capital Management Inc. trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 26.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,703 shares of the business services provider’s stock after selling 615 shares during the period. Maple Capital Management Inc.’s holdings in Waste Management were worth $390,000 at the end of the most recent reporting period.

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

Waste Management Trading Up 1.4%

Waste Management stock opened at $203.26 on Wednesday. The stock has a market cap of $81.88 billion, a P/E ratio of 32.01, a PEG ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The firm’s fifty day moving average price is $213.90 and its 200-day moving average price is $224.85. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84.

Waste Management (NYSE:WM) last posted its quarterly earnings data 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 business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. Waste Management’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

Analysts Set New Price Targets

WM has been the topic of a number of research reports. Sanford C. Bernstein assumed coverage on Waste Management in a research note on Wednesday. They issued an “outperform” rating and a $255.00 price objective on the stock. Oppenheimer restated an “outperform” rating and set a $262.00 price target on shares of Waste Management in a research note on Wednesday, October 29th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday. Finally, Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Three investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.79.

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.