Waste Management, Inc. $WM Shares Sold by Brown Shipley& Co Ltd

Brown Shipley& Co Ltd lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,108 shares of the business services provider’s stock after selling 555 shares during the period. Waste Management makes up approximately 1.8% of Brown Shipley& Co Ltd’s portfolio, making the stock its 19th biggest holding. Brown Shipley& Co Ltd’s holdings in Waste Management were worth $3,228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WM. McAdam LLC boosted its holdings in Waste Management by 3.1% in the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after acquiring an additional 44 shares during the period. Stonebridge Financial Group LLC boosted its holdings in Waste Management by 3.0% in the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock worth $355,000 after acquiring an additional 45 shares during the period. Formidable Asset Management LLC boosted its holdings in Waste Management by 2.0% in the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock worth $536,000 after acquiring an additional 45 shares during the period. KRS Capital Management LLC boosted its holdings in Waste Management by 3.1% in the 1st quarter. KRS Capital Management LLC now owns 1,548 shares of the business services provider’s stock worth $358,000 after acquiring an additional 46 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Waste Management by 3.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock worth $349,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the subject of a number of analyst reports. Scotiabank upped their price target on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 31st. Melius Research upgraded Waste Management to a “strong-buy” rating and set a $263.00 price objective for the company in a research note on Monday, June 9th. Stifel Nicolaus assumed coverage on Waste Management in a research note on Tuesday. They set a “buy” rating and a $252.00 price objective for the company. CIBC raised their price objective on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, June 26th. Finally, Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $255.17.

Waste Management Price Performance

Shares of WM opened at $220.85 on Wednesday. The firm has a market cap of $88.97 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 2.68 and a beta of 0.64. The stock has a 50 day moving average of $224.93 and a 200-day moving average of $228.43. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last issued 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 company had revenue of $6.43 billion during 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%.The business’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $0.825 dividend. The ex-dividend date 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 presently 48.96%.

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.