Fifth Third Wealth Advisors LLC Has $1.42 Million Stock Holdings in Waste Management, Inc. $WM

Fifth Third Wealth Advisors LLC raised its position in Waste Management, Inc. (NYSE:WM) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,195 shares of the business services provider’s stock after acquiring an additional 170 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Waste Management were worth $1,418,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Bey Douglas LLC raised its holdings in Waste Management by 47.5% in the 2nd quarter. Bey Douglas LLC now owns 1,347 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 434 shares in the last quarter. Conning Inc. raised its holdings in Waste Management by 1.7% in the 2nd quarter. Conning Inc. now owns 17,708 shares of the business services provider’s stock valued at $4,052,000 after acquiring an additional 303 shares in the last quarter. SLT Holdings LLC acquired a new position in Waste Management in the 2nd quarter valued at approximately $209,000. Eastern Bank raised its holdings in Waste Management by 3.2% in the 2nd quarter. Eastern Bank now owns 200,636 shares of the business services provider’s stock valued at $45,910,000 after acquiring an additional 6,268 shares in the last quarter. Finally, Lmcg Investments LLC raised its holdings in Waste Management by 1.6% in the 2nd quarter. Lmcg Investments LLC now owns 10,316 shares of the business services provider’s stock valued at $2,361,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. National Bankshares cut their price target on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. 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. Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Stifel Nicolaus began coverage on Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price objective on the stock. Finally, BMO Capital Markets upped their price objective on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research note on Wednesday, July 30th. Two 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

Waste Management Stock Up 0.7%

NYSE WM opened at $219.09 on Friday. The firm has a market cap 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. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The stock’s 50 day simple moving average is $223.04 and its 200 day simple moving average is $227.97. 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 released its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.Waste Management’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company 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. 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 presently 48.96%.

Waste Management 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.