Waste Management, Inc. $WM Shares Bought by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC grew its holdings in Waste Management, Inc. (NYSE:WM) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,684 shares of the business services provider’s stock after acquiring an additional 98 shares during the period. Resonant Capital Advisors LLC’s holdings in Waste Management were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. McAdam LLC increased its holdings in Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $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% during 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. Stonebridge Financial Group LLC raised its holdings in Waste Management by 3.0% in the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock valued at $355,000 after acquiring an additional 45 shares in the last quarter. Formidable Asset Management LLC lifted its stake in Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock worth $536,000 after acquiring an additional 45 shares during the last quarter. Finally, Harbour Trust & Investment Management Co increased its position in shares of Waste Management by 1.1% in 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 purchasing an additional 45 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stifel Nicolaus started coverage on Waste Management in a report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price objective on the stock. Scotiabank increased their price target on shares of Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. Citigroup reduced their price objective on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. BMO Capital Markets increased their target price on shares of Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research report on Wednesday, July 30th. Finally, UBS Group decreased their price objective on shares of Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.00.

Waste Management Price Performance

Shares of NYSE:WM opened at $213.69 on Tuesday. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The stock has a market capitalization of $86.08 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.64 and a beta of 0.64. The company has a 50-day simple moving average of $219.68 and a 200-day simple moving average of $227.10. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is currently 48.96%.

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.