Waste Management, Inc. $WM Shares Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,834 shares of the business services provider’s stock after purchasing an additional 126 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Waste Management were worth $1,564,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Sprott Inc. acquired a new position in shares of Waste Management during the first quarter worth about $325,000. Golden State Wealth Management LLC lifted its stake in shares of Waste Management by 41.7% during the first quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider’s stock worth $183,000 after purchasing an additional 232 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Waste Management by 23.8% during the first quarter. Mather Group LLC. now owns 1,295 shares of the business services provider’s stock worth $300,000 after purchasing an additional 249 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in shares of Waste Management by 5.9% during the first quarter. DAVENPORT & Co LLC now owns 36,004 shares of the business services provider’s stock worth $8,335,000 after purchasing an additional 2,001 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on WM shares. Cowen reiterated a “buy” rating on shares of Waste Management in a research note on Wednesday. BMO Capital Markets boosted their price target on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 30th. Scotiabank reduced their target price on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a research note on Wednesday. CIBC reduced their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Barclays reduced their target price on Waste Management from $271.00 to $266.00 and set an “overweight” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $249.44.

Waste Management Price Performance

Shares of NYSE WM opened at $200.61 on Friday. Waste Management, Inc. has a 1-year low of $197.02 and a 1-year high of $242.58. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82. The business’s fifty day moving average price is $217.96 and its two-hundred day moving average price is $226.54. The firm 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 (NYSE:WM) last issued its earnings results 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 return on equity of 33.00% and a net margin of 10.35%.The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the business earned $1.96 earnings per share. Waste Management’s quarterly revenue was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts expect that Waste Management, Inc. will post 7.7 EPS 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 issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio is 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.