First Pacific Financial Buys 57 Shares of Waste Management, Inc. $WM

First Pacific Financial lifted its holdings in Waste Management, Inc. (NYSE:WM) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,563 shares of the business services provider’s stock after buying an additional 57 shares during the period. First Pacific Financial’s holdings in Waste Management were worth $1,502,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WM. Trust Co. of Vermont grew its stake in shares of Waste Management by 1.7% in the 2nd quarter. Trust Co. of Vermont now owns 30,901 shares of the business services provider’s stock valued at $7,071,000 after buying an additional 515 shares during the period. Community Bank & Trust Waco Texas grew its position in Waste Management by 2.6% in the second quarter. Community Bank & Trust Waco Texas now owns 3,446 shares of the business services provider’s stock worth $789,000 after acquiring an additional 87 shares in the last quarter. Childress Capital Advisors LLC grew its position in Waste Management by 9.5% in the second quarter. Childress Capital Advisors LLC now owns 1,205 shares of the business services provider’s stock worth $276,000 after acquiring an additional 105 shares in the last quarter. Consolidated Portfolio Review Corp grew its position in Waste Management by 34.7% in the second quarter. Consolidated Portfolio Review Corp now owns 1,491 shares of the business services provider’s stock worth $341,000 after acquiring an additional 384 shares in the last quarter. Finally, Truist Financial Corp grew its position in Waste Management by 62.9% in the second quarter. Truist Financial Corp now owns 268,033 shares of the business services provider’s stock worth $61,331,000 after acquiring an additional 103,487 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Performance

Waste Management stock opened at $220.85 on Wednesday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The firm has a market capitalization of $88.97 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. The company’s 50-day moving average is $224.93 and its 200 day moving average is $228.43.

Waste Management (NYSE:WM) last posted its quarterly earnings data 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 company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the company posted $1.82 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid 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 is currently 48.96%.

Analyst Ratings Changes

WM has been the subject of a number of research reports. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. UBS Group lifted their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Melius began coverage on shares of Waste Management in a research report on Monday, June 9th. They issued a “buy” rating for the company. CIBC lifted their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, June 26th. Finally, BMO Capital Markets lifted their price target on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 30th. Two 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.