10,055 Waste Management, Inc. $WM Shares Sold by Stillwater Wealth Management Group

Stillwater Wealth Management Group lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 62.1% during the 3rd quarter, Holdings Channel reports. The fund owned 6,137 shares of the business services provider’s stock after selling 10,055 shares during the quarter. Stillwater Wealth Management Group’s holdings in Waste Management were worth $1,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Waste Management by 1.8% in the second quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock valued at $6,849,981,000 after purchasing an additional 535,079 shares during the period. State Street Corp increased its position in Waste Management by 2.9% during the second quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock worth $4,013,831,000 after purchasing an additional 507,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Waste Management by 1.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,121,427 shares of the business services provider’s stock worth $695,704,000 after purchasing an additional 35,322 shares during the period. Swedbank AB raised its stake in Waste Management by 17.0% during the first quarter. Swedbank AB now owns 2,392,868 shares of the business services provider’s stock worth $549,857,000 after purchasing an additional 348,183 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Waste Management by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,320,966 shares of the business services provider’s stock worth $533,340,000 after purchasing an additional 26,847 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 0.7%

Shares of NYSE:WM traded down $1.67 during midday trading on Wednesday, reaching $230.06. 834,352 shares of the company’s stock were exchanged, compared to its average volume of 2,182,019. The stock has a market cap of $91.96 billion, a price-to-earnings ratio of 32.56, a P/E/G ratio of 2.88 and a beta of 0.42. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The firm’s 50 day simple moving average is $216.23 and its two-hundred day simple moving average is $222.23. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. Waste Management’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Waste Management, Inc. will post 8.12 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a $0.9450 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 11th. Waste Management’s dividend payout ratio is currently 53.54%.

Key Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Waste Management’s essential waste-collection and disposal services provide relatively resilient demand. A recent investment thesis highlights long-term growth opportunities from population and economic trends, while waste management is identified as an industry with durable demand drivers beyond the artificial-intelligence theme. Waste Management: Turn America’s Trash Into Your Treasure
• Positive Sentiment: Wall Street is expecting year-over-year earnings growth in the next quarterly report. In the most recently reported quarter, WM exceeded the consensus EPS estimate, although revenue was slightly below expectations, and sales still increased 4% year over year. Waste Management Beats Stock Market Upswing
• Neutral Sentiment: Analysts and investors are assessing whether WM should be bought, held, or sold after second-quarter earnings. The shares have remained broadly range-bound around $225 since April and have lagged the S&P 500, suggesting limited near-term momentum despite the company’s defensive characteristics. Waste Management Buy, Sell, or Hold Post Q2 Earnings
• Negative Sentiment: Pre-earnings coverage warns that WM does not currently have the typical combination of positive earnings revisions and estimate momentum associated with a likely earnings beat. That caution may be weighing on the stock ahead of results expected next week. Waste Management Reports Next Week

Insider Buying and Selling at Waste Management

In related news, CAO John Carroll sold 1,365 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the completion of the transaction, the chief accounting officer owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. This trade represents a 28.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group increased their price target on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Morgan Stanley cut their price target on shares of Waste Management from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Tuesday, October 13th. Oppenheimer reduced their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Citigroup upped their price objective on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings upgraded Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $256.06.

Waste Management Company Profile

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.