Creekmur Asset Management LLC Boosts Stock Holdings in Waste Management, Inc. $WM

Creekmur Asset Management LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 12.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,938 shares of the business services provider’s stock after buying an additional 446 shares during the period. Creekmur Asset Management LLC’s holdings in Waste Management were worth $901,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Earned Wealth Advisors LLC bought a new position in Waste Management during the second quarter valued at $205,000. IFG Advisory LLC lifted its position in Waste Management by 9.1% during the second quarter. IFG Advisory LLC now owns 1,420 shares of the business services provider’s stock valued at $325,000 after purchasing an additional 118 shares during the last quarter. BLB&B Advisors LLC lifted its position in Waste Management by 1.0% during the second quarter. BLB&B Advisors LLC now owns 52,243 shares of the business services provider’s stock valued at $11,954,000 after purchasing an additional 519 shares during the last quarter. UNIVEST FINANCIAL Corp lifted its position in Waste Management by 7.4% during the second quarter. UNIVEST FINANCIAL Corp now owns 12,425 shares of the business services provider’s stock valued at $2,843,000 after purchasing an additional 854 shares during the last quarter. Finally, Silver Coast Investments LLC lifted its position in Waste Management by 7.5% during the second quarter. Silver Coast Investments LLC now owns 1,569 shares of the business services provider’s stock valued at $359,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WM shares. UBS Group lowered their price objective on shares of Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, October 16th. William Blair restated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Citigroup raised their target price on shares of Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday. Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.44.

Waste Management Trading Up 1.6%

WM stock opened at $200.61 on Friday. The company has a market capitalization of $80.81 billion, a PE ratio of 31.59, a P/E/G ratio of 2.51 and a beta of 0.64. Waste Management, Inc. has a 12 month low of $197.02 and a 12 month high of $242.58. The firm’s 50-day moving average is $217.96 and its 200 day moving average is $226.54. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

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.