Friedenthal Financial Buys Shares of 4,184 Waste Management, Inc. $WM

Friedenthal Financial bought a new stake in shares of Waste Management, Inc. (NYSE:WM) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,184 shares of the business services provider’s stock, valued at approximately $957,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. McAdam LLC grew its stake in Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after acquiring an additional 44 shares in the last quarter. Stonebridge Financial Group LLC grew its stake in shares of Waste Management by 3.0% in the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock valued at $355,000 after buying an additional 45 shares in the last quarter. Formidable Asset Management LLC grew its stake in shares of Waste Management by 2.0% in the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after buying an additional 45 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake 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 in the last quarter. Finally, Tandem Capital Management Corp ADV grew its stake in shares of Waste Management by 0.7% in the 1st quarter. Tandem Capital Management Corp ADV now owns 6,614 shares of the business services provider’s stock valued at $1,531,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on WM. Oppenheimer boosted their price target on Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. CIBC boosted their price target on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, June 26th. National Bankshares lowered their price target on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, Barclays assumed coverage on Waste Management in a report on Friday, September 19th. They issued an “overweight” rating and a $272.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.53.

Waste Management Stock Performance

Shares of NYSE WM opened at $217.54 on Wednesday. The business has a fifty day simple moving average of $223.72 and a 200 day simple moving average of $228.15. 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 firm has a market capitalization of $87.63 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.66 and a beta of 0.64. Waste Management, Inc. has a one year low of $199.69 and a one 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, beating 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 business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the company posted $1.82 earnings per share. Waste Management’s revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS 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 $0.825 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is currently 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.