Crews Bank & Trust Buys 82 Shares of Waste Management, Inc. $WM

Crews Bank & Trust lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.7% in the second quarter, HoldingsChannel.com reports. The fund owned 1,835 shares of the business services provider’s stock after acquiring an additional 82 shares during the quarter. Crews Bank & Trust’s holdings in Waste Management were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WM. Brighton Jones LLC lifted its stake in Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Merit Financial Group LLC lifted its stake in Waste Management by 17.3% in the first quarter. Merit Financial Group LLC now owns 10,293 shares of the business services provider’s stock worth $2,383,000 after purchasing an additional 1,519 shares during the last quarter. RFG Advisory LLC lifted its stake in Waste Management by 113.6% in the first quarter. RFG Advisory LLC now owns 6,429 shares of the business services provider’s stock worth $1,488,000 after purchasing an additional 3,419 shares during the last quarter. Apella Capital LLC lifted its stake in Waste Management by 1.9% in the first quarter. Apella Capital LLC now owns 2,881 shares of the business services provider’s stock worth $647,000 after purchasing an additional 55 shares during the last quarter. Finally, Portside Wealth Group LLC lifted its stake in Waste Management by 39.9% in the first quarter. Portside Wealth Group LLC now owns 3,283 shares of the business services provider’s stock worth $760,000 after purchasing an additional 937 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

Shares of NYSE WM opened at $216.77 on Friday. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The company’s 50-day moving average is $224.49 and its 200 day moving average is $228.30. The stock has a market capitalization of $87.32 billion, a P/E ratio of 32.16, a P/E/G ratio of 2.69 and a beta of 0.64.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $6.37 billion. During the same quarter in the previous year, the company 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 expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.825 per share. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s payout ratio is currently 48.96%.

Wall Street Analyst Weigh In

WM has been the subject of several recent research reports. Citigroup lowered 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. Oppenheimer boosted their price target on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. UBS Group boosted their price objective on shares of Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Stifel Nicolaus initiated coverage on shares of Waste Management in a research report on Tuesday. They issued a “buy” rating and a $252.00 price objective on the stock. Finally, Melius initiated coverage on shares of Waste Management in a research report on Monday, June 9th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.