Argyle Capital Management LLC Reduces Stock Position in Waste Management, Inc. $WM

Argyle Capital Management LLC lessened its holdings in Waste Management, Inc. (NYSE:WM) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,377 shares of the business services provider’s stock after selling 200 shares during the quarter. Argyle Capital Management LLC’s holdings in Waste Management were worth $2,603,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WM. Brighton Jones LLC grew its holdings in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Sprott Inc. purchased a new position in shares of Waste Management during the first quarter worth about $325,000. Farther Finance Advisors LLC grew its holdings in shares of Waste Management by 66.9% during the first quarter. Farther Finance Advisors LLC now owns 7,690 shares of the business services provider’s stock worth $1,798,000 after purchasing an additional 3,082 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Waste Management by 13.1% during the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider’s stock worth $1,909,000 after purchasing an additional 958 shares during the last quarter. Finally, MV Capital Management Inc. grew its holdings in shares of Waste Management by 4.9% during the first quarter. MV Capital Management Inc. now owns 1,087 shares of the business services provider’s stock worth $252,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM opened at $217.56 on Friday. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. 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 cap of $87.64 billion, a P/E ratio of 32.28, a PEG ratio of 2.71 and a beta of 0.64. The company has a 50-day moving average price of $223.24 and a 200 day moving average price of $228.03.

Waste Management (NYSE:WM) last issued its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the company posted $1.82 earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. 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 announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is 48.96%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. National Bankshares dropped their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a report on Tuesday. Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Barclays decreased their target price on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group increased their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

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.