Waste Management, Inc. $WM Stake Cut by First Command Advisory Services Inc.

First Command Advisory Services Inc. decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 43.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 696 shares of the business services provider’s stock after selling 537 shares during the quarter. First Command Advisory Services Inc.’s holdings in Waste Management were worth $159,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Saudi Central Bank bought a new position in shares of Waste Management during the first quarter worth about $37,000. GKV Capital Management Co. Inc. bought a new position in shares of Waste Management during the first quarter worth about $38,000. New Age Alpha Advisors LLC bought a new position in shares of Waste Management during the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Waste Management by 381.0% during the first 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. Finally, CBIZ Investment Advisory Services LLC bought a new position in shares of Waste Management during the first quarter worth about $48,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

NYSE:WM opened at $213.69 on Tuesday. The business’s 50-day moving average price is $219.68 and its 200 day moving average price is $227.10. The firm has a market cap of $86.08 billion, a P/E ratio of 31.70, a PEG ratio of 2.64 and a beta of 0.64. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week 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.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.Waste Management’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal 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 $0.825 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is 48.96%.

Analyst Ratings Changes

WM has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. William Blair restated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Oppenheimer cut their price objective on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. BMO Capital Markets lifted their price objective on shares of Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial lifted 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. Two 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $253.00.

Waste Management Company 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.