Littlejohn Financial Services Inc. Sells 216 Shares of Waste Management, Inc. $WM

Littlejohn Financial Services Inc. cut its stake in Waste Management, Inc. (NYSE:WM) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,883 shares of the business services provider’s stock after selling 216 shares during the period. Waste Management accounts for 1.9% of Littlejohn Financial Services Inc.’s investment portfolio, making the stock its 15th largest holding. Littlejohn Financial Services Inc.’s holdings in Waste Management were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Plancorp LLC boosted its holdings in Waste Management by 7.1% in the second quarter. Plancorp LLC now owns 1,684 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 112 shares during the last quarter. Retirement Guys Formula LLC boosted its holdings in shares of Waste Management by 8.6% during the 2nd quarter. Retirement Guys Formula LLC now owns 5,003 shares of the business services provider’s stock worth $1,145,000 after buying an additional 396 shares in the last quarter. McAdam LLC boosted its holdings in shares of Waste Management by 5.4% during the 2nd quarter. McAdam LLC now owns 1,562 shares of the business services provider’s stock worth $357,000 after buying an additional 80 shares in the last quarter. Beacon Investment Advisory Services Inc. bought a new position in shares of Waste Management during the 2nd quarter worth approximately $6,290,000. Finally, Harrell Investment Partners LLC bought a new position in shares of Waste Management during the 2nd quarter worth approximately $530,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. CIBC increased their price target on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Royal Bank Of Canada restated a “sector perform” rating and set a $229.00 price target on shares of Waste Management in a report on Thursday, June 26th. Melius initiated coverage on Waste Management in a report on Monday, June 9th. They set a “buy” rating on the stock. Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Finally, Barclays initiated coverage on Waste Management in a research report on Friday, September 19th. They set an “overweight” rating and a $272.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $255.17.

Waste Management Trading Up 0.6%

NYSE WM opened at $219.48 on Thursday. The firm has a market capitalization of $88.41 billion, a P/E ratio of 32.56, a PEG ratio of 2.67 and a beta of 0.64. The business has a fifty day simple moving average of $225.51 and a 200 day simple moving average of $228.56. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion during 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%.Waste Management’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 12th. Waste Management’s dividend payout ratio is presently 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.