Waste Management, Inc. $WM Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc grew its holdings in Waste Management, Inc. (NYSE:WM) by 70.7% during the 2nd quarter, Holdings Channel reports. The firm owned 18,423 shares of the business services provider’s stock after buying an additional 7,633 shares during the period. Prospera Financial Services Inc’s holdings in Waste Management were worth $4,218,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WM. AGF Management Ltd. grew its holdings in Waste Management by 1.9% during the 2nd quarter. AGF Management Ltd. now owns 552,731 shares of the business services provider’s stock valued at $126,476,000 after buying an additional 10,472 shares during the last quarter. Bensler LLC purchased a new stake in shares of Waste Management in the second quarter valued at $234,000. Stokes Family Office LLC boosted its stake in shares of Waste Management by 2.8% during the second quarter. Stokes Family Office LLC now owns 1,921 shares of the business services provider’s stock valued at $440,000 after acquiring an additional 52 shares during the last quarter. Fox Run Management L.L.C. increased its position in Waste Management by 55.7% during the 2nd quarter. Fox Run Management L.L.C. now owns 9,076 shares of the business services provider’s stock worth $2,077,000 after purchasing an additional 3,247 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in Waste Management by 26.1% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 8,747 shares of the business services provider’s stock valued at $2,001,000 after purchasing an additional 1,809 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 1.1%

WM stock opened at $201.87 on Monday. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. The company has a market cap of $81.33 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.51 and a beta of 0.62. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The business has a fifty day simple moving average of $214.88 and a 200-day simple moving average of $225.21.

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

Waste Management Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial set a $260.00 price target on shares of Waste Management in a report on Wednesday, October 29th. Cowen reaffirmed a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. Citigroup increased their price target on Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. National Bankshares lowered their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Finally, Oppenheimer reiterated an “outperform” rating and set a $262.00 target price on shares of Waste Management in a research report on Wednesday, October 29th. Three 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. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $248.44.

Waste Management Company 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.