Kingsview Wealth Management LLC Acquires 793 Shares of Waste Management, Inc. $WM

Kingsview Wealth Management LLC raised its stake in shares of Waste Management, Inc. (NYSE:WM) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,089 shares of the business services provider’s stock after buying an additional 793 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Waste Management were worth $2,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Waste Management by 51.1% during 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 in the last quarter. Sprott Inc. purchased a new stake in Waste Management during the first quarter valued at approximately $325,000. Jennison Associates LLC lifted its stake in shares of Waste Management by 4.5% in the 1st quarter. Jennison Associates LLC now owns 2,657 shares of the business services provider’s stock valued at $615,000 after purchasing an additional 114 shares during the last quarter. Csenge Advisory Group increased its position in shares of Waste Management by 5.1% during the 1st quarter. Csenge Advisory Group now owns 2,320 shares of the business services provider’s stock valued at $536,000 after purchasing an additional 113 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Waste Management by 8.5% during the 1st quarter. IFP Advisors Inc now owns 10,349 shares of the business services provider’s stock valued at $2,396,000 after buying an additional 807 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 1.6%

Waste Management stock opened at $211.29 on Wednesday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The company has a market cap of $85.12 billion, a PE ratio of 33.27, a PEG ratio of 2.51 and a beta of 0.62. The business’s 50-day simple moving average is $212.49 and its two-hundred day simple moving average is $223.98.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the previous year, the business earned $1.96 EPS. Waste Management’s revenue for the quarter was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.6%. Waste Management’s payout ratio is presently 51.97%.

Analyst Ratings Changes

WM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. BMO Capital Markets raised their price target on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 30th. Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $238.00 to $242.00 in a research note on Tuesday, November 4th. William Blair restated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Finally, UBS Group decreased their price target on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $248.25.

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.