Stiles Financial Services Inc Trims Position in Waste Management, Inc. $WM

Stiles Financial Services Inc lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,302 shares of the business services provider’s stock after selling 433 shares during the quarter. Stiles Financial Services Inc’s holdings in Waste Management were worth $1,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WM. Valeo Financial Advisors LLC grew its holdings in Waste Management by 15,782.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock valued at $395,512,000 after buying an additional 1,717,603 shares in the last quarter. Nuveen LLC purchased a new stake in Waste Management in the first quarter valued at approximately $333,089,000. Ameriprise Financial Inc. lifted its position in Waste Management by 30.4% during the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Waste Management by 26.9% in the 1st 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 buying an additional 709,557 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Waste Management by 738.2% in the 1st quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock worth $175,766,000 after buying an additional 668,637 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $217.56 on Friday. The business has a 50 day moving average of $223.24 and a 200 day moving average of $228.03. The company has a market capitalization of $87.64 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.71 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. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82.

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

Waste Management Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer dropped their price objective on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a report on Wednesday. CIBC raised their price target on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, June 26th. UBS Group upped their price objective on Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Barclays dropped their target price on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, BMO Capital Markets boosted their target price on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.