HF Advisory Group LLC Cuts Stock Position in Waste Management, Inc. $WM

HF Advisory Group LLC lessened its position in Waste Management, Inc. (NYSE:WM) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,578 shares of the business services provider’s stock after selling 220 shares during the quarter. HF Advisory Group LLC’s holdings in Waste Management were worth $819,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WM. Brighton Jones LLC raised its holdings in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after buying an additional 2,320 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of Waste Management by 14.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider’s stock valued at $25,193,000 after buying an additional 15,974 shares during the period. State of Wyoming grew its stake in Waste Management by 98.7% during the 4th quarter. State of Wyoming now owns 892 shares of the business services provider’s stock worth $180,000 after purchasing an additional 443 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its stake in Waste Management by 30.3% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 12,485 shares of the business services provider’s stock worth $2,519,000 after purchasing an additional 2,904 shares in the last quarter. Finally, Novem Group acquired a new position in Waste Management during the 4th quarter worth $330,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the subject of several analyst reports. UBS Group boosted their target price on Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Scotiabank boosted their target price on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 31st. Raymond James Financial boosted their target price on Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Finally, Oppenheimer upped their price objective on Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $254.18.

Waste Management Trading Up 0.1%

NYSE:WM opened at $215.88 on Friday. The stock has a 50-day simple moving average of $226.23 and a 200-day simple moving average of $228.86. The stock has a market cap of $86.96 billion, a P/E ratio of 32.03, a P/E/G ratio of 2.64 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. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.03. The business 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%.The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given 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 dividend yield of 1.5%. Waste Management’s dividend payout ratio is 48.96%.

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.