InTrack Investment Management Inc Has $1.34 Million Stock Position in Waste Management, Inc. $WM

InTrack Investment Management Inc grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,856 shares of the business services provider’s stock after buying an additional 49 shares during the quarter. InTrack Investment Management Inc’s holdings in Waste Management were worth $1,340,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. McAdam LLC raised its holdings in Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after buying an additional 44 shares during the last quarter. Stonebridge Financial Group LLC raised its holdings in Waste Management by 3.0% during the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock valued at $355,000 after buying an additional 45 shares during the last quarter. Formidable Asset Management LLC raised its holdings in Waste Management by 2.0% during the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after buying an additional 45 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Waste Management by 3.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock valued at $349,000 after buying an additional 46 shares during the last quarter. Finally, Tandem Capital Management Corp ADV raised its holdings in Waste Management by 0.7% during the 1st quarter. Tandem Capital Management Corp ADV now owns 6,614 shares of the business services provider’s stock valued at $1,531,000 after buying an additional 47 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. National Bankshares lowered their price target on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a report on Tuesday. CIBC upped their price objective 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. Barclays began coverage on shares of Waste Management in a report on Friday, September 19th. They issued an “overweight” rating and a $272.00 price objective for the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. Finally, William Blair restated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.37.

Waste Management Stock Up 1.1%

Shares of Waste Management stock opened at $220.00 on Thursday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The company has a 50-day moving average of $223.47 and a 200 day moving average of $228.09. The firm has a market cap of $88.62 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 2.66 and a beta of 0.64. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (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 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% compared to the same quarter last year. During the same period last year, the business earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed 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 dividend payout ratio (DPR) is currently 48.96%.

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.