Everett Harris & Co. CA Purchases 484 Shares of Waste Management, Inc. $WM

Everett Harris & Co. CA increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 14.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,837 shares of the business services provider’s stock after purchasing an additional 484 shares during the period. Everett Harris & Co. CA’s holdings in Waste Management were worth $878,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of WM. McAdam LLC boosted its stake in shares of Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after acquiring an additional 44 shares during the period. Syntegra Private Wealth Group LLC boosted its position in Waste Management by 2.0% during the second 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 period. Formidable Asset Management LLC increased its holdings in shares of Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after purchasing an additional 45 shares during the last quarter. Harbour Trust & Investment Management Co raised its position in shares of Waste Management by 1.1% in the second quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after purchasing an additional 45 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Waste Management by 3.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock worth $349,000 after buying an additional 46 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

WM stock opened at $203.94 on Thursday. The company’s 50-day moving average price is $213.50 and its two-hundred day moving average price is $224.70. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The firm has a market cap of $82.16 billion, a P/E ratio of 32.12, a P/E/G ratio of 2.51 and a beta of 0.62.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The business’s revenue was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, 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 was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio is currently 51.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WM. Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Sanford C. Bernstein started coverage on Waste Management in a research note on Wednesday. They issued an “outperform” rating and a $255.00 price target for the company. UBS Group lowered their price objective on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Robert W. Baird raised Waste Management from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $238.00 to $242.00 in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $248.79.

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.