Citizens Financial Group Inc. RI Buys 1,032 Shares of Waste Management, Inc. $WM

Citizens Financial Group Inc. RI lifted its position in Waste Management, Inc. (NYSE:WM) by 8.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,949 shares of the business services provider’s stock after acquiring an additional 1,032 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Waste Management were worth $3,192,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Wealthfront Advisers LLC increased its position in shares of Waste Management by 3.1% in the second quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock worth $13,064,000 after purchasing an additional 1,698 shares during the last quarter. GPM Growth Investors Inc. increased its holdings in shares of Waste Management by 50.6% in the 2nd quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock worth $3,808,000 after buying an additional 5,588 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Waste Management during the 2nd quarter valued at $4,361,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Waste Management during the 2nd quarter valued at $6,865,000. Finally, Zevenbergen Capital Investments LLC lifted its holdings in shares of Waste Management by 30.4% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock worth $2,158,000 after acquiring an additional 2,200 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of research reports. CIBC lowered their price target on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Royal Bank Of Canada decreased their price objective on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Baird R W raised Waste Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Citigroup lifted their price target on shares of Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Cowen reaffirmed a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.25.

Waste Management Stock Performance

Shares of WM stock opened at $208.97 on Monday. The company has a market capitalization of $84.19 billion, a P/E ratio of 32.91, a PEG ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. 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 stock has a 50 day moving average price of $212.87 and a two-hundred day moving average price of $224.33.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 27th. The business services provider reported $1.98 EPS 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 firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the previous 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. Analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, December 5th. Waste Management’s dividend payout ratio is currently 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.