Solidarity Wealth LLC Has $833,000 Stock Position in Waste Management, Inc. $WM

Solidarity Wealth LLC lessened its stake in Waste Management, Inc. (NYSE:WM) by 24.8% in the second quarter, Holdings Channel reports. The firm owned 3,639 shares of the business services provider’s stock after selling 1,200 shares during the quarter. Solidarity Wealth LLC’s holdings in Waste Management were worth $833,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WM. Saudi Central Bank acquired a new position in shares of Waste Management in the 1st quarter valued at approximately $37,000. GKV Capital Management Co. Inc. bought a new position in Waste Management in the first quarter valued at approximately $38,000. Loomis Sayles & Co. L P acquired a new position in Waste Management during the second quarter valued at approximately $40,000. Wealth Watch Advisors INC bought a new stake in Waste Management during the second quarter worth $43,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Waste Management in the 1st quarter valued at $45,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 0.3%

WM opened at $217.97 on Monday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The company’s 50 day moving average price is $212.41 and its two-hundred day moving average price is $223.21. The firm has a market capitalization of $87.81 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 2.51 and a beta of 0.62.

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 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 33.00% and a net margin of 10.35%.Waste Management’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, research 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 disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is 51.97%.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the sale, the senior vice president owned 15,540 shares of the company’s stock, valued at approximately $3,373,112.40. This represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WM has been the subject of several recent analyst reports. National Bankshares dropped their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Sanford C. Bernstein began coverage on shares of Waste Management in a report on Wednesday, November 12th. They set an “outperform” rating and a $255.00 price target on the stock. UBS Group dropped their price objective 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. Finally, Barclays cut their target price on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $248.68.

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.