GM Advisory Group LLC Has $916,000 Position in Waste Management, Inc. $WM

GM Advisory Group LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 164.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,005 shares of the business services provider’s stock after buying an additional 2,491 shares during the period. GM Advisory Group LLC’s holdings in Waste Management were worth $916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. McAdam LLC lifted its holdings in shares of Waste Management by 3.1% during the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after purchasing an additional 44 shares during the period. Syntegra Private Wealth Group LLC raised its position in Waste Management by 2.0% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock worth $524,000 after purchasing an additional 44 shares during the last quarter. Harbour Trust & Investment Management Co lifted its holdings in Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock worth $943,000 after buying an additional 45 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Waste Management by 3.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock valued at $349,000 after buying an additional 46 shares during the last quarter. Finally, KWB Wealth increased its stake in shares of Waste Management by 1.3% in the second quarter. KWB Wealth now owns 3,607 shares of the business services provider’s stock valued at $835,000 after buying an additional 47 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WM has been the topic of a number of recent analyst reports. Barclays cut their price objective on Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Wells Fargo & Company started coverage on shares of Waste Management in a research note on Friday, November 14th. They issued an “overweight” rating and a $238.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. National Bankshares dropped their target price on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada decreased their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $248.68.

Insider Activity at Waste Management

In related news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the sale, the senior vice president owned 15,540 shares in the company, valued at $3,373,112.40. This represents a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Performance

Shares of Waste Management stock opened at $217.66 on Friday. The business has a 50-day simple moving average of $212.38 and a 200 day simple moving average of $223.25. Waste Management, Inc. has a one year low of $194.11 and a one year high of $242.58. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82. The firm has a market capitalization of $87.69 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.51 and a beta of 0.62.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued 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 currently 51.97%.

Waste Management 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.