Waste Management, Inc. $WM Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its holdings in Waste Management, Inc. (NYSE:WM) by 11.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,151 shares of the business services provider’s stock after selling 2,519 shares during the quarter. Empowered Funds LLC’s holdings in Waste Management were worth $4,611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its position in shares of Waste Management by 3.1% during 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 in the last quarter. GPM Growth Investors Inc. increased its stake in Waste Management by 50.6% during 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 period. Machina Capital S.A.S. acquired a new position in Waste Management in the 2nd quarter worth $4,361,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Waste Management during the second quarter valued at about $6,865,000. Finally, Zevenbergen Capital Investments LLC increased its position in shares of Waste Management by 30.4% during the second 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. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WM. Baird R W upgraded Waste Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Cowen reiterated a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. National Bankshares cut their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings upgraded Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Royal Bank Of Canada lowered their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average target price of $248.25.

Insider Transactions at Waste Management

In related news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the sale, the senior vice president directly owned 15,540 shares in the company, valued at $3,373,112.40. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Waste Management Stock Performance

WM stock opened at $216.71 on Friday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The stock has a market capitalization of $87.31 billion, a price-to-earnings ratio of 34.13, a PEG 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 stock’s fifty day moving average is $212.34 and its two-hundred day moving average is $223.75.

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

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, December 5th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s payout ratio is currently 51.97%.

Waste Management 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.