Exencial Wealth Advisors LLC Has $5.72 Million Position in Waste Management, Inc. $WM

Exencial Wealth Advisors LLC lowered its holdings in Waste Management, Inc. (NYSE:WM) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,009 shares of the business services provider’s stock after selling 1,821 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Waste Management were worth $5,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westend Capital Management LLC increased its stake in Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 66 shares during the period. Saudi Central Bank bought a new stake in Waste Management during the first quarter worth about $37,000. GKV Capital Management Co. Inc. bought a new stake in shares of Waste Management during the first quarter valued at approximately $38,000. New Age Alpha Advisors LLC bought a new stake in shares of Waste Management during the first quarter valued at approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in Waste Management by 381.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $216.46 on Thursday. The firm’s 50-day simple moving average is $220.33 and its two-hundred day simple moving average is $227.12. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The firm has a market cap of $87.20 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 2.65 and a beta of 0.64.

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

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued 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 was Friday, September 12th. Waste Management’s dividend payout ratio is currently 48.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Stifel Nicolaus initiated coverage on shares of Waste Management in a report on Tuesday, September 30th. They set a “buy” rating and a $252.00 price objective on the stock. Oppenheimer decreased their price target on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Barclays cut their price objective on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. UBS Group dropped their price objective on shares of Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. Finally, CIBC raised their price target on shares of Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.00.

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.