Bailard Inc. Lowers Holdings in Waste Management, Inc. $WM

Bailard Inc. lessened its holdings in Waste Management, Inc. (NYSE:WM) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,544 shares of the business services provider’s stock after selling 335 shares during the period. Bailard Inc.’s holdings in Waste Management were worth $19,574,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Saudi Central Bank bought a new stake in Waste Management during the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. bought a new position in Waste Management in the first quarter valued at $38,000. Wealth Watch Advisors INC bought a new stake in Waste Management during the second quarter worth about $43,000. New Age Alpha Advisors LLC purchased a new position in shares of Waste Management in the 1st quarter worth about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of 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 valued at $47,000 after purchasing an additional 160 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WM has been the subject of a number of recent research 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 report on Wednesday, October 29th. Baird R W upgraded shares of Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada lowered their price objective on Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Oppenheimer restated an “outperform” rating and set a $262.00 price target on shares of Waste Management in a report on Wednesday, October 29th. Finally, Truist Financial set a $260.00 price objective on shares of Waste Management in a research report on Wednesday, October 29th. Three 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.44.

Waste Management Stock Performance

Shares of WM opened at $203.26 on Wednesday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58. The business’s fifty day simple moving average is $213.90 and its two-hundred day simple moving average is $224.85. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36. The company has a market cap of $81.88 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.51 and a beta of 0.62.

Waste Management (NYSE:WM) last announced 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). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the previous year, the business earned $1.96 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Research analysts anticipate 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. Stockholders of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio 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.