Naviter Wealth LLC Has $559,000 Position in Waste Management, Inc. $WM

Naviter Wealth LLC lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,445 shares of the business services provider’s stock after selling 175 shares during the quarter. Naviter Wealth LLC’s holdings in Waste Management were worth $559,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Westend Capital Management LLC grew its position in Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after buying an additional 66 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of Waste Management in the 1st quarter valued at $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management in the 1st quarter valued at $38,000. New Age Alpha Advisors LLC acquired a new stake in shares of Waste Management in the 1st quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Waste Management by 381.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WM. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. National Bankshares dropped their price target on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. 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 target for the company. Raymond James Financial increased their price target on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Finally, BMO Capital Markets increased their price target 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 research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

Waste Management Stock Up 0.5%

Shares of NYSE:WM opened at $218.09 on Wednesday. The firm has a market cap of $87.85 billion, a P/E ratio of 32.36, a P/E/G ratio of 2.67 and a beta of 0.64. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The business has a fifty day simple moving average of $222.54 and a 200 day simple moving average of $227.82.

Waste Management (NYSE:WM) last announced its 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 business had revenue of $6.43 billion during 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% compared to the same quarter last year. During the same period last year, the company earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current 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 given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend 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.