Aviso Financial Inc. Grows Stock Position in Waste Management, Inc. $WM

Aviso Financial Inc. boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,973 shares of the business services provider’s stock after buying an additional 694 shares during the quarter. Aviso Financial Inc.’s holdings in Waste Management were worth $3,197,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of research firms recently issued reports on WM. BMO Capital Markets upped their price objective on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein initiated coverage on shares of Waste Management in a report on Wednesday, November 12th. They issued an “outperform” rating and a $255.00 price target on the stock. Royal Bank Of Canada reduced their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. National Bankshares lowered their price objective on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.62.

Insider Activity at Waste Management

In related news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the transaction, the senior vice president owned 15,540 shares in the company, valued at $3,373,112.40. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management Price Performance

Shares of WM opened at $211.90 on Tuesday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company has a 50 day moving average of $212.26 and a two-hundred day moving average of $223.44. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The company has a market cap of $85.37 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the prior year, the business posted $1.96 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, 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 declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.6%. Waste Management’s dividend payout ratio is 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.