Waste Management, Inc. $WM Shares Sold by Allianz SE

Allianz SE cut its holdings in shares of Waste Management, Inc. (NYSE:WM) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,855 shares of the business services provider’s stock after selling 2,913 shares during the period. Allianz SE’s holdings in Waste Management were worth $10,493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. McAdam LLC raised its stake in shares of 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 buying an additional 44 shares in the last quarter. Syntegra Private Wealth Group LLC boosted its holdings in shares of Waste Management by 2.0% during the second quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock worth $524,000 after purchasing an additional 44 shares during the period. Formidable Asset Management LLC grew its stake in Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after purchasing an additional 45 shares in the last quarter. Harbour Trust & Investment Management Co increased its stake in shares of Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock worth $943,000 after purchasing an additional 45 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in Waste Management by 3.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock valued at $349,000 after buying an additional 46 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on WM. JPMorgan Chase & Co. dropped their target price on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Cowen restated a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. Scotiabank reduced their target price on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a report on Wednesday, October 29th. William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Finally, BMO Capital Markets increased their price objective on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.79.

Waste Management Stock Up 0.3%

WM stock opened at $203.94 on Thursday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The business’s fifty day moving average price is $213.50 and its two-hundred day moving average price is $224.70. The stock has a market capitalization of $82.16 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.51 and a beta of 0.62. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio is currently 51.97%.

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.