Avantax Advisory Services Inc. Purchases 3,051 Shares of Waste Management, Inc. $WM

Avantax Advisory Services Inc. increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 3.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 104,814 shares of the business services provider’s stock after purchasing an additional 3,051 shares during the period. Avantax Advisory Services Inc.’s holdings in Waste Management were worth $23,984,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Saudi Central Bank bought a new position in shares of Waste Management during the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management during the 1st quarter valued at $38,000. Wealth Watch Advisors INC bought a new position in Waste Management during the second quarter worth $43,000. New Age Alpha Advisors LLC acquired a new position in shares of Waste Management in the first quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of 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 valued at $47,000 after purchasing an additional 160 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the topic of a number of research reports. Scotiabank decreased their price target on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, October 29th. Stifel Nicolaus reduced their price objective on Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. CIBC lowered their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Citigroup lifted their price target on Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Truist Financial set a $260.00 price objective on Waste Management in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.25.

Waste Management Trading Up 2.2%

Shares of WM stock opened at $208.97 on Friday. The stock has a market cap of $84.19 billion, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36. The stock has a 50 day simple moving average of $212.87 and a 200 day simple moving average of $224.39.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share 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 analyst estimates of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. Waste Management’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is currently 51.97%.

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.