Atria Wealth Solutions Inc. Cuts Holdings in Waste Management, Inc. $WM

Atria Wealth Solutions Inc. decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 74.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 13,721 shares of the business services provider’s stock after selling 39,886 shares during the period. Atria Wealth Solutions Inc.’s holdings in Waste Management were worth $3,138,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Valeo Financial Advisors LLC increased its holdings in shares of Waste Management by 15,782.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock valued at $395,512,000 after acquiring an additional 1,717,603 shares during the last quarter. Nuveen LLC purchased a new position in shares of Waste Management in the 1st quarter valued at about $333,089,000. Ameriprise Financial Inc. increased its holdings in shares of Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after acquiring an additional 1,239,996 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after acquiring an additional 709,557 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Waste Management by 738.2% in the 1st quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock valued at $175,766,000 after acquiring an additional 668,637 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.5%

Waste Management stock opened at $218.09 on Wednesday. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The stock has a 50 day moving average of $222.54 and a two-hundred day moving average of $227.82. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The stock has a market capitalization of $87.85 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.67 and a beta of 0.64.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.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 firm earned $1.82 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Analysts Set New Price Targets

WM has been the topic of a number of recent analyst reports. Scotiabank increased their price objective on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. CIBC raised their price target on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, June 26th. Barclays dropped their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Oppenheimer dropped their price target on Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $229.00 price target on shares of Waste Management in a research note on Thursday, June 26th. 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. According to MarketBeat, Waste Management 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.