World Investment Advisors Trims Stock Holdings in Waste Management, Inc. $WM

World Investment Advisors reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,975 shares of the business services provider’s stock after selling 86 shares during the quarter. World Investment Advisors’ holdings in Waste Management were worth $2,969,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Saudi Central Bank purchased a new position in Waste Management during the 1st quarter worth $37,000. GKV Capital Management Co. Inc. purchased a new position in Waste Management during the 1st quarter worth $38,000. Wealth Watch Advisors INC purchased a new position in Waste Management during the 2nd quarter worth $43,000. New Age Alpha Advisors LLC purchased a new position in Waste Management during the 1st quarter worth $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Waste Management by 381.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after purchasing an additional 160 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Up 1.6%

Shares of WM stock 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 stock’s fifty day moving average price is $217.96 and its 200 day moving average price 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. The company has a market cap of $80.81 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.51 and a beta of 0.64.

Waste Management (NYSE:WM) last announced 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 business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter last year, the firm earned $1.96 earnings per share. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, September 12th. Waste Management’s payout ratio is presently 51.97%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $262.00 price target on shares of Waste Management in a report on Wednesday. Stifel Nicolaus cut 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. Royal Bank Of Canada cut their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a report on Wednesday. UBS Group cut their price target on Waste Management from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. Finally, William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $249.44.

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.