Waverton Investment Management Ltd Has $932,000 Stock Holdings in Waste Management, Inc. $WM

Waverton Investment Management Ltd lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 8.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,073 shares of the business services provider’s stock after buying an additional 309 shares during the period. Waverton Investment Management Ltd’s holdings in Waste Management were worth $932,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Sienna Gestion boosted its stake in shares of Waste Management by 10.8% during the 2nd quarter. Sienna Gestion now owns 34,349 shares of the business services provider’s stock worth $7,176,000 after buying an additional 3,338 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Waste Management by 2.9% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 165,215 shares of the business services provider’s stock valued at $37,793,000 after purchasing an additional 4,590 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Waste Management in the 2nd quarter valued at about $10,254,000. Convergence Financial LLC acquired a new stake in Waste Management in the 2nd quarter valued at about $312,000. Finally, RFG Bristol Wealth Advisors LLC lifted its stake in Waste Management by 25.9% in the 2nd quarter. RFG Bristol Wealth Advisors LLC now owns 6,353 shares of the business services provider’s stock valued at $1,454,000 after purchasing an additional 1,306 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on WM. Barclays cut their target price on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and raised their target price for the company from $238.00 to $242.00 in a research note on Tuesday. UBS Group cut their target price on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Citigroup raised their target price on shares of Waste Management from $268.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, CIBC cut their price objective on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $248.44.

Waste Management Trading Up 0.0%

Shares of WM stock opened at $200.78 on Thursday. The firm has a 50 day moving average price of $215.88 and a two-hundred day moving average price of $225.63. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $80.89 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same quarter last year, the business earned $1.96 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

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.