Addison Capital Co Sells 443 Shares of Waste Management, Inc. $WM

Addison Capital Co lowered its position in Waste Management, Inc. (NYSE:WM) by 7.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,467 shares of the business services provider’s stock after selling 443 shares during the period. Addison Capital Co’s holdings in Waste Management were worth $1,266,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Westend Capital Management LLC increased its stake in shares of Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after purchasing an additional 66 shares during the last quarter. West Branch Capital LLC boosted its holdings in Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after purchasing an additional 49 shares in the last quarter. Saudi Central Bank acquired a new position in Waste Management during the first quarter worth $37,000. GKV Capital Management Co. Inc. bought a new position in Waste Management during the first quarter valued at about $38,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Waste Management in the first quarter worth about $45,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of analyst reports. Raymond James Financial increased their price objective on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. National Bank Financial upgraded Waste Management to a “hold” rating in a report on Monday, May 26th. JPMorgan Chase & Co. raised shares of Waste Management from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $225.00 to $277.00 in a research report on Friday, May 23rd. Oppenheimer upped their price objective on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Melius initiated coverage on shares of Waste Management in a research note on Monday, June 9th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.35.

Waste Management Stock Performance

WM opened at $217.67 on Thursday. The stock’s 50 day simple moving average is $227.34 and its 200-day simple moving average is $229.45. 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 cap of $87.68 billion, a PE ratio of 32.30, a P/E/G ratio of 2.69 and a beta of 0.64. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year 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, topping the consensus estimate of $1.89 by $0.03. The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.Waste Management’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a 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.