Waste Management, Inc. $WM Shares Sold by Redwood Park Advisors LLC

Redwood Park Advisors LLC trimmed its stake in shares of Waste Management, Inc. (NYSE:WM) by 86.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152 shares of the business services provider’s stock after selling 999 shares during the quarter. Redwood Park Advisors LLC’s holdings in Waste Management were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of WM. Saudi Central Bank acquired a new stake in shares of Waste Management during the first quarter worth $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management in the 1st quarter worth $38,000. Wealth Watch Advisors INC acquired a new stake in Waste Management in the second quarter valued at about $43,000. New Age Alpha Advisors LLC acquired a new stake in Waste Management in the first quarter valued at about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Waste Management by 381.0% in the first 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 during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on WM shares. Barclays reduced their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. BMO Capital Markets boosted their target price on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. Scotiabank boosted their target price on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 31st. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, UBS Group decreased their price objective on shares of Waste Management from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. 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 stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average target price of $253.00.

Waste Management Trading Down 0.5%

NYSE:WM opened at $213.69 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $86.08 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 2.64 and a beta of 0.64. The stock has a fifty day simple moving average of $219.68 and a 200-day simple moving average of $227.10. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

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

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.