Sterling Investment Advisors Ltd. Sells 74 Shares of Waste Management, Inc. $WM

Sterling Investment Advisors Ltd. decreased its stake in Waste Management, Inc. (NYSE:WM) by 4.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,686 shares of the business services provider’s stock after selling 74 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Waste Management were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WM. Nuveen LLC bought a new position in Waste Management in the 1st quarter valued at approximately $333,089,000. Ameriprise Financial Inc. lifted its stake in Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Waste Management by 26.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after acquiring an additional 709,557 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Waste Management by 738.2% during the first quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock valued at $175,766,000 after acquiring an additional 668,637 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Waste Management by 16,999.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 661,060 shares of the business services provider’s stock valued at $153,043,000 after acquiring an additional 657,194 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE WM opened at $219.24 on Tuesday. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The firm has a fifty day simple moving average of $225.05 and a 200 day simple moving average of $228.48. The company has a market capitalization of $88.31 billion, a PE ratio of 32.53, a P/E/G ratio of 2.67 and a beta of 0.64. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last announced its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the firm earned $1.82 earnings per share. Waste Management’s quarterly revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $229.00 price target on shares of Waste Management in a research note on Thursday, June 26th. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. BMO Capital Markets raised their price target on shares of Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research note on Wednesday, July 30th. Citigroup dropped their price target on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Finally, Melius Research raised shares of Waste Management to a “strong-buy” rating and set a $263.00 price target for the company in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $255.17.

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.