FLC Capital Advisors Acquires New Stake in Waste Management, Inc. $WM

FLC Capital Advisors acquired a new stake in Waste Management, Inc. (NYSE:WM) during the 2nd quarter, HoldingsChannel reports. The firm acquired 1,012 shares of the business services provider’s stock, valued at approximately $232,000.

Several other institutional investors have also recently made changes to their positions in WM. Brighton Jones LLC raised its position in Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Sprott Inc. bought a new position in shares of Waste Management during the first quarter valued at about $325,000. GAMMA Investing LLC grew its stake in shares of Waste Management by 13.1% during the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider’s stock valued at $1,909,000 after buying an additional 958 shares during the last quarter. Advisor Resource Council bought a new position in shares of Waste Management during the first quarter valued at about $384,000. Finally, Nilsine Partners LLC bought a new position in shares of Waste Management during the first quarter valued at about $236,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of WM opened at $215.50 on Tuesday. The firm has a market cap of $86.81 billion, a PE ratio of 31.97, a P/E/G ratio of 2.65 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The firm has a fifty day simple moving average of $220.96 and a two-hundred day simple moving average of $227.28. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58.

Waste Management (NYSE:WM) last announced its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 11.36% and a return on equity of 34.37%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

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

Wall Street Analyst Weigh In

WM has been the topic of a number of recent research reports. National Bankshares reduced their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 7th. BMO Capital Markets raised their target price on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. Erste Group Bank cut Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Oppenheimer cut their target price on Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

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.