Waste Management, Inc. $WM Stock Holdings Reduced by Xcel Wealth Management LLC

Xcel Wealth Management LLC cut its position in shares of Waste Management, Inc. (NYSE:WM) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,764 shares of the business services provider’s stock after selling 136 shares during the period. Xcel Wealth Management LLC’s holdings in Waste Management were worth $632,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Westend Capital Management LLC increased its stake 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 purchasing an additional 66 shares during the last quarter. West Branch Capital LLC boosted its holdings in Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after purchasing an additional 49 shares in the last quarter. Saudi Central Bank acquired a new position in Waste Management during the first quarter worth $37,000. GKV Capital Management Co. Inc. bought a new position in Waste Management during the first quarter valued at about $38,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Waste Management during the 1st quarter worth about $45,000. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WM. Royal Bank Of Canada reissued a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a research note on Thursday, June 26th. Raymond James Financial boosted their price objective on shares of Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Melius Research raised shares of Waste Management to a “strong-buy” rating and set a $263.00 price objective for the company in a report on Monday, June 9th. Barclays assumed coverage on shares of Waste Management in a report on Friday, September 19th. They issued an “overweight” rating and a $272.00 target price on the stock. Finally, UBS Group upped their price target on shares of Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $255.17.

Waste Management Stock Up 0.6%

Shares of WM opened at $219.48 on Thursday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The company has a 50-day simple moving average of $225.51 and a 200-day simple moving average of $228.56. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The firm has a market capitalization of $88.41 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.67 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating 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%.The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is 48.96%.

Waste Management 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.