Waste Management, Inc. $WM Shares Sold by Terra Alpha Investments LLC

Terra Alpha Investments LLC cut its position in Waste Management, Inc. (NYSE:WM) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,076 shares of the business services provider’s stock after selling 150 shares during the period. Waste Management accounts for approximately 5.3% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 7th biggest holding. Terra Alpha Investments LLC’s holdings in Waste Management were worth $5,051,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Westend Capital Management LLC raised its holdings in shares of Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after acquiring an additional 66 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Waste Management in the 1st quarter worth about $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management in the 1st quarter worth about $38,000. New Age Alpha Advisors LLC acquired a new stake in shares of Waste Management in the 1st quarter worth about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Waste Management by 381.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after acquiring an additional 160 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WM has been the topic of a number of analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Raymond James Financial increased their price objective on shares of Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Stifel Nicolaus initiated coverage on shares of Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $253.00.

Waste Management Trading Down 0.3%

Shares of WM stock opened at $214.73 on Wednesday. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The firm has a market cap of $86.50 billion, a P/E ratio of 31.86, a PEG ratio of 2.65 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. The company has a 50 day moving average of $220.60 and a 200-day moving average of $227.20.

Waste Management (NYSE:WM) last released its quarterly earnings data 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 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 analyst estimates of $6.37 billion. During the same period in the previous year, the business earned $1.82 EPS. Waste Management’s revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors 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 payout ratio is currently 48.96%.

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.