Moran Wealth Management LLC Has $5.32 Million Holdings in Waste Management, Inc. $WM

Moran Wealth Management LLC lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 23,261 shares of the business services provider’s stock after selling 201 shares during the quarter. Moran Wealth Management LLC’s holdings in Waste Management were worth $5,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Sprott Inc. acquired a new position in shares of Waste Management in the first quarter valued at approximately $325,000. GAMMA Investing LLC grew its position in shares of Waste Management by 13.1% in the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider’s stock valued at $1,909,000 after purchasing an additional 958 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Waste Management by 4.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider’s stock valued at $137,108,000 after purchasing an additional 24,023 shares during the last quarter. Finally, Keystone Wealth Services LLC acquired a new position in shares of Waste Management in the first quarter valued at approximately $291,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 0.5%

Shares of WM stock opened at $218.09 on Wednesday. The stock’s fifty day moving average price is $222.54 and its two-hundred day moving average price is $227.82. The company has a market cap of $87.85 billion, a PE ratio of 32.36, a P/E/G ratio of 2.67 and a beta of 0.64. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

Waste Management (NYSE:WM) last issued its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the business posted $1.82 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Analysts Set New Price Targets

WM has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a research report on Thursday, June 26th. National Bankshares decreased their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. CIBC boosted their price target on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, June 26th. UBS Group boosted their price target on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Barclays cut their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.32.

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.