Kestra Advisory Services LLC Raises Stake in Waste Management, Inc. $WM

Kestra Advisory Services LLC boosted its holdings in Waste Management, Inc. (NYSE:WM) by 0.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,002 shares of the business services provider’s stock after buying an additional 347 shares during the quarter. Kestra Advisory Services LLC’s holdings in Waste Management were worth $18,521,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of Waste Management by 30.4% during 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 acquiring an additional 1,239,996 shares in the last quarter. Northern Trust Corp increased its stake in Waste Management by 1.8% in the first quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock valued at $941,709,000 after purchasing an additional 70,907 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Waste Management by 7.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,633,710 shares of the business services provider’s stock worth $531,456,000 after buying an additional 177,398 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock valued at $570,108,000 after buying an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Waste Management by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock valued at $505,137,000 after buying an additional 29,715 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Trading Down 1.2%

NYSE:WM opened at $226.9430 on Friday. 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. The stock has a fifty day moving average price of $229.28 and a two-hundred day moving average price of $229.77. The stock has a market capitalization of $91.42 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.82 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 for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WM. Seaport Res Ptn upgraded shares of Waste Management to a “hold” rating in a research note on Tuesday, May 6th. CIBC upped their target price on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, June 26th. Citigroup lifted their price target on Waste Management from $260.00 to $271.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Finally, UBS Group increased their price target on shares of Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $254.35.

Insiders Place Their Bets

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the sale, the chief financial officer owned 83,934 shares in the company, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the sale, the senior vice president owned 16,542 shares of the company’s stock, valued at approximately $3,917,311.02. This represents a 3.91% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

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.