Mayflower Financial Advisors LLC Has $1.15 Million Position in Waste Management, Inc. $WM

Mayflower Financial Advisors LLC reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,032 shares of the business services provider’s stock after selling 74 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Waste Management were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in WM. Brighton Jones LLC increased its stake in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares during the period. Sprott Inc. bought a new position in Waste Management during the 1st quarter worth $325,000. Golden State Wealth Management LLC increased its stake in Waste Management by 41.7% during the 1st quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider’s stock worth $183,000 after acquiring an additional 232 shares during the period. Koshinski Asset Management Inc. increased its stake in Waste Management by 6.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 11,992 shares of the business services provider’s stock worth $2,776,000 after acquiring an additional 694 shares during the period. Finally, Alta Advisers Ltd increased its stake in Waste Management by 59.4% during the 1st quarter. Alta Advisers Ltd now owns 1,878 shares of the business services provider’s stock worth $435,000 after acquiring an additional 700 shares during the period. Institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of several recent analyst reports. Barclays decreased their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Stifel Nicolaus initiated coverage on Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target on the stock. Raymond James Financial lifted their price target on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Finally, Citigroup decreased their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $253.00.

Waste Management Trading Down 4.5%

NYSE WM opened at $204.06 on Wednesday. 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, Inc. has a twelve month low of $197.25 and a twelve month high of $242.58. The company has a market cap of $82.20 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64. The business’s fifty day moving average is $219.19 and its 200 day moving average is $226.95.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.77%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period last year, the business earned $1.96 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued 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 1.6%. Waste Management’s payout ratio is presently 48.96%.

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.