Scholtz & Company LLC Has $4.32 Million Stock Holdings in Waste Management, Inc. $WM

Scholtz & Company LLC decreased its position in Waste Management, Inc. (NYSE:WM) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,861 shares of the business services provider’s stock after selling 269 shares during the quarter. Waste Management comprises 1.9% of Scholtz & Company LLC’s investment portfolio, making the stock its 21st largest holding. Scholtz & Company LLC’s holdings in Waste Management were worth $4,316,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after acquiring an additional 1,239,996 shares during the last quarter. Northern Trust Corp lifted its stake in Waste Management by 1.8% in the first quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock valued at $941,709,000 after acquiring an additional 70,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Waste Management by 26.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after acquiring an additional 709,557 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Waste Management by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock valued at $570,108,000 after acquiring an additional 36,836 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Waste Management by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock valued at $505,137,000 after acquiring an additional 29,715 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Stifel Nicolaus lowered their price target on Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on Waste Management from $277.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup raised their target price on shares of Waste Management from $268.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $249.44.

Waste Management Trading Up 1.6%

Shares of Waste Management stock opened at $200.61 on Friday. The company’s fifty day simple moving average is $217.96 and its 200-day simple moving average is $226.54. The company has a market cap of $80.81 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.51 and a beta of 0.64. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a 1 year low of $197.02 and a 1 year high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (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 analyst estimates of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS. 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 year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.825 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is presently 51.97%.

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.