TD Asset Management Inc Has $63.98 Million Stock Holdings in Waste Management, Inc. $WM

TD Asset Management Inc grew its position in Waste Management, Inc. (NYSE:WM) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 279,616 shares of the business services provider’s stock after buying an additional 7,784 shares during the period. TD Asset Management Inc owned approximately 0.07% of Waste Management worth $63,982,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WM. Harbour Trust & Investment Management Co raised its position in shares of Waste Management by 1.1% during the second quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock worth $943,000 after purchasing an additional 45 shares during the period. Sage Advisors LLC acquired a new position in shares of Waste Management in the second quarter valued at approximately $225,000. Axxcess Wealth Management LLC increased its position in shares of Waste Management by 3.9% during the second quarter. Axxcess Wealth Management LLC now owns 13,397 shares of the business services provider’s stock worth $3,066,000 after acquiring an additional 497 shares in the last quarter. Community Bank N.A. raised its holdings in shares of Waste Management by 5.6% during the second quarter. Community Bank N.A. now owns 4,782 shares of the business services provider’s stock worth $1,094,000 after acquiring an additional 255 shares during the period. Finally, NorthRock Partners LLC lifted its position in Waste Management by 2.5% in the 2nd quarter. NorthRock Partners LLC now owns 6,068 shares of the business services provider’s stock valued at $1,388,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 2.0%

Shares of Waste Management stock opened at $213.79 on Thursday. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The business’s 50 day moving average is $222.19 and its 200-day moving average is $227.72. The stock has a market cap of $86.12 billion, a P/E ratio of 31.72, a P/E/G ratio of 2.68 and a beta of 0.64.

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, topping analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $229.00 price target on shares of Waste Management in a research note on Thursday, June 26th. Oppenheimer decreased their price objective on Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Citigroup cut their target price on Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Barclays reduced their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Finally, UBS Group lifted their price objective on shares of Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

About Waste Management

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.