Rathbones Group PLC Grows Stock Position in Waste Management, Inc. $WM

Rathbones Group PLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 390,045 shares of the business services provider’s stock after acquiring an additional 859 shares during the quarter. Rathbones Group PLC’s holdings in Waste Management were worth $89,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of WM. McAdam LLC boosted its stake in shares of Waste Management by 3.1% during the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after purchasing an additional 44 shares during the period. Syntegra Private Wealth Group LLC increased its stake in shares of Waste Management by 2.0% in the second quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock worth $524,000 after buying an additional 44 shares during the period. Formidable Asset Management LLC raised its holdings in Waste Management by 2.0% during the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after buying an additional 45 shares during the last quarter. Harbour Trust & Investment Management Co boosted its position in Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after buying an additional 45 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Waste Management by 3.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock worth $349,000 after acquiring an additional 46 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Up 1.1%

WM stock opened at $201.87 on Friday. The company has a market capitalization of $81.33 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The business’s 50 day moving average price is $214.88 and its two-hundred day moving average price is $225.24. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58.

Waste Management (NYSE:WM) last released its quarterly 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). The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm 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 dividend yield of 1.6%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is presently 51.97%.

Wall Street Analysts Forecast Growth

WM has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price objective on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Raymond James Financial upped their price target on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. UBS Group dropped their price objective on Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, October 31st. BMO Capital Markets boosted their target price on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research note on Wednesday, July 30th. Finally, Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.44.

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.