Richwood Investment Advisors LLC Sells 105 Shares of Waste Management, Inc. $WM

Richwood Investment Advisors LLC decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 3.1% in the 2nd quarter, Holdings Channel reports. The fund owned 3,250 shares of the business services provider’s stock after selling 105 shares during the quarter. Richwood Investment Advisors LLC’s holdings in Waste Management were worth $744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WM. Westend Capital Management LLC raised its stake in shares of Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the period. West Branch Capital LLC grew its holdings in shares of Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after buying an additional 49 shares in the last quarter. Saudi Central Bank bought a new stake in Waste Management in the 1st quarter valued at approximately $37,000. GKV Capital Management Co. Inc. acquired a new position in Waste Management during the 1st quarter worth approximately $38,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Waste Management during the 1st quarter worth approximately $45,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

NYSE:WM opened at $217.68 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The stock’s 50 day moving average price is $224.08 and its two-hundred day moving average price is $228.22. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The firm has a market capitalization of $87.69 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 2.68 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, 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 announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued 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%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WM. Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Barclays assumed coverage on shares of Waste Management in a research report on Friday, September 19th. They set an “overweight” rating and a $272.00 price target on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. CIBC upped their target price on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $255.17.

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.