McKinley Carter Wealth Services Inc. Has $10.39 Million Stake in Waste Management, Inc. $WM

McKinley Carter Wealth Services Inc. grew its position in Waste Management, Inc. (NYSE:WM) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,391 shares of the business services provider’s stock after acquiring an additional 1,811 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Waste Management were worth $10,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Coordinated Financial Services Inc. bought a new position in shares of Waste Management in the 2nd quarter valued at about $306,000. Moseley Investment Management Inc. grew its position in shares of Waste Management by 238.7% in the 2nd quarter. Moseley Investment Management Inc. now owns 4,779 shares of the business services provider’s stock valued at $1,094,000 after acquiring an additional 3,368 shares during the period. Callan Family Office LLC grew its position in shares of Waste Management by 205.0% in the 2nd quarter. Callan Family Office LLC now owns 16,196 shares of the business services provider’s stock valued at $3,706,000 after acquiring an additional 10,886 shares during the period. Blair William & Co. IL grew its position in shares of Waste Management by 32.9% in the 2nd quarter. Blair William & Co. IL now owns 403,716 shares of the business services provider’s stock valued at $92,378,000 after acquiring an additional 99,943 shares during the period. Finally, Kampmann Melissa S. grew its position in shares of Waste Management by 25.5% in the 2nd quarter. Kampmann Melissa S. now owns 9,905 shares of the business services provider’s stock valued at $2,266,000 after acquiring an additional 2,010 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the subject of a number of analyst reports. CIBC lifted their price objective on shares of Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, June 26th. UBS Group lifted their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Finally, BMO Capital Markets lifted their target price on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $254.32.

Waste Management Stock Performance

NYSE WM opened at $217.56 on Friday. The firm has a 50-day moving average price of $223.24 and a two-hundred day moving average price of $228.03. The company has a market capitalization of $87.64 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.71 and a beta of 0.64. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58.

Waste Management (NYSE:WM) last issued its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $0.825 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s payout ratio is presently 48.96%.

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.