Moloney Securities Asset Management LLC Sells 94 Shares of Waste Management, Inc. $WM

Moloney Securities Asset Management LLC decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,922 shares of the business services provider’s stock after selling 94 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Waste Management were worth $669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WM. Westend Capital Management LLC grew its position in shares of Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after buying an additional 66 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Waste Management during the 1st quarter worth $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management during the 1st quarter worth $38,000. New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management during the 1st quarter worth $45,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Waste Management by 381.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.7%

Waste Management stock opened at $214.56 on Friday. The firm has a market cap of $86.43 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.66 and a beta of 0.64. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The business’s 50-day moving average price is $219.89 and its 200 day moving average price is $227.08. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last posted its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.Waste Management’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. 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 year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. William Blair restated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Oppenheimer decreased their price target on Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Citigroup decreased their price target on Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. UBS Group decreased their price target on Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. Finally, Raymond James Financial increased their price target on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Two research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.00.

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.