Waste Management, Inc. $WM Shares Sold by First National Trust Co

First National Trust Co reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 1.8% during the second quarter, Holdings Channel.com reports. The fund owned 34,823 shares of the business services provider’s stock after selling 622 shares during the quarter. First National Trust Co’s holdings in Waste Management were worth $7,968,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of WM. Saudi Central Bank acquired a new position in shares of Waste Management in the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. acquired a new position in shares of Waste Management in the 1st quarter worth approximately $38,000. Wealth Watch Advisors INC acquired a new position in Waste Management in the second quarter worth approximately $43,000. New Age Alpha Advisors LLC acquired a new position in Waste Management in the first quarter worth approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Waste Management by 381.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after buying an additional 160 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WM. Stifel Nicolaus began coverage on Waste Management in a report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 target price on the stock. Scotiabank lifted their price target on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 31st. BMO Capital Markets lifted 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. William Blair reissued an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Finally, National Bankshares dropped their target price on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $253.00.

Waste Management Trading Down 0.5%

Waste Management stock opened at $213.69 on Tuesday. The company’s fifty day simple moving average is $219.68 and its 200-day simple moving average is $227.10. 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, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The stock has a market cap of $86.08 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.64 and a beta of 0.64.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.51 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio is 48.96%.

About Waste Management

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.