Waste Management, Inc. $WM Shares Acquired by Saturna Capital Corp

Saturna Capital Corp boosted its position in Waste Management, Inc. (NYSE:WM) by 65.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 270,936 shares of the business services provider’s stock after purchasing an additional 107,305 shares during the quarter. Saturna Capital Corp’s holdings in Waste Management were worth $62,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Waste Management by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock worth $8,566,508,000 after buying an additional 553,605 shares in the last quarter. State Street Corp grew its holdings in shares of Waste Management by 1.6% during the 4th quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock worth $3,820,921,000 after purchasing an additional 281,456 shares during the period. Geode Capital Management LLC increased its position in Waste Management by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock worth $1,972,371,000 after purchasing an additional 117,476 shares in the last quarter. Norges Bank purchased a new position in Waste Management in the fourth quarter valued at approximately $1,022,916,000. Finally, Northern Trust Corp lifted its position in Waste Management by 0.3% during the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock valued at $873,276,000 after buying an additional 11,688 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on WM. Oppenheimer dropped their price objective on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Canadian Imperial Bank of Commerce raised shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price target for the company in a research report on Tuesday, July 7th. Royal Bank Of Canada increased their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Weiss Ratings cut Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, TD Cowen upped their target price on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $256.74.

Key Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Seeking Alpha says Waste Management remains a defensive holding with a positive outlook, which may support investor confidence in the stock’s long-term stability. Waste Management: Positive Outlook As Defensive Anchor Remains
• Neutral Sentiment: Analysts are expecting earnings growth from Waste Management, but current setup suggests the company may not have the ideal ingredients for an earnings beat in the upcoming report. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Another earnings preview noted that Waste Management is expected to post higher profits, but revenue and beat expectations remain uncertain, keeping sentiment mixed ahead of results. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: MarketBeat and Zacks both highlighted that WM fell as the broader market advanced, suggesting recent weakness may reflect profit-taking or relative underperformance rather than a company-specific catalyst. Waste Management (WM) Stock Sinks As Market Gains: What You Should Know
• Negative Sentiment: Waste Management also announced it will end service in a Centre County township, a local operational change that may be viewed negatively by some investors, though the financial impact appears limited. Waste Management to end service in a Centre County township

Waste Management Stock Performance

Shares of WM opened at $232.94 on Wednesday. The firm has a market cap of $93.55 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.91 and a beta of 0.44. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The business’s 50 day moving average is $223.01 and its two-hundred day moving average is $226.74. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. Analysts forecast that Waste Management, Inc. will post 8.16 EPS for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is 54.70%.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.