Schroder Investment Management Group Sells 53,914 Shares of Waste Management, Inc. $WM

Schroder Investment Management Group decreased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 304,413 shares of the business services provider’s stock after selling 53,914 shares during the period. Schroder Investment Management Group owned approximately 0.08% of Waste Management worth $69,656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McAdam LLC lifted its stake in Waste Management by 3.1% in the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after buying an additional 44 shares during the period. Syntegra Private Wealth Group LLC grew its position in shares of Waste Management by 2.0% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock worth $524,000 after buying an additional 44 shares during the period. Harbour Trust & Investment Management Co increased its stake in shares of Waste Management by 1.1% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after acquiring an additional 45 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Waste Management by 3.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock valued at $349,000 after acquiring an additional 46 shares during the period. Finally, KWB Wealth boosted its stake in Waste Management by 1.3% during the 2nd quarter. KWB Wealth now owns 3,607 shares of the business services provider’s stock worth $835,000 after acquiring an additional 47 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on WM. Sanford C. Bernstein assumed coverage on shares of Waste Management in a research note on Wednesday, November 12th. They issued an “outperform” rating and a $255.00 target price for the company. CIBC lowered 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. Cowen reaffirmed a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. The Goldman Sachs Group assumed coverage on Waste Management in a research note on Monday, November 24th. They issued a “buy” rating and a $256.00 target price for the company. Finally, Robert W. Baird raised Waste Management from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $238.00 to $242.00 in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $248.68.

Insider Activity

In other news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the sale, the senior vice president directly owned 15,540 shares in the company, valued at $3,373,112.40. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management Price Performance

WM stock opened at $217.97 on Monday. The stock has a 50-day moving average price of $212.41 and a two-hundred day moving average price of $223.21. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The stock has a market cap of $87.81 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36.

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

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio is 51.97%.

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.