Fulcrum Capital LLC Sells 83 Shares of Waste Management, Inc. $WM

Fulcrum Capital LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 47,684 shares of the business services provider’s stock after selling 83 shares during the quarter. Waste Management accounts for approximately 2.3% of Fulcrum Capital LLC’s investment portfolio, making the stock its 15th biggest holding. Fulcrum Capital LLC’s holdings in Waste Management were worth $10,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valeo Financial Advisors LLC lifted its holdings in shares of Waste Management by 15,782.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock worth $395,512,000 after purchasing an additional 1,717,603 shares in the last quarter. Nuveen LLC bought a new position in shares of Waste Management in the 1st quarter worth $333,089,000. Ameriprise Financial Inc. lifted its holdings in shares of Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock worth $1,233,240,000 after purchasing an additional 1,239,996 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock worth $774,000,000 after purchasing an additional 709,557 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Waste Management by 738.2% in the 1st quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock worth $175,766,000 after purchasing an additional 668,637 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WM. National Bankshares cut their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a report on Tuesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Citigroup dropped their price objective on Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. William Blair restated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Finally, Oppenheimer dropped their price objective on Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $254.32.

Waste Management Trading Up 0.7%

Shares of Waste Management stock opened at $219.09 on Friday. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The firm has a market cap of $88.26 billion, a PE ratio of 32.51, a P/E/G ratio of 2.68 and a beta of 0.64. The stock has a fifty day moving average price of $223.04 and a 200-day moving average price of $227.98. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last announced its 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 return on equity of 34.37% and a net margin of 11.36%.The firm had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period last year, the firm posted $1.82 EPS. The business’s revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts anticipate 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 was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend 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.