Waste Management, Inc. $WM Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 109,437 shares of the business services provider’s stock after selling 2,047 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Waste Management were worth $25,034,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares during the period. Sprott Inc. purchased a new stake in Waste Management in the first quarter valued at approximately $325,000. Jennison Associates LLC boosted its holdings in shares of Waste Management by 4.5% in the first quarter. Jennison Associates LLC now owns 2,657 shares of the business services provider’s stock valued at $615,000 after acquiring an additional 114 shares during the period. Csenge Advisory Group grew its position in shares of Waste Management by 5.1% during the first quarter. Csenge Advisory Group now owns 2,320 shares of the business services provider’s stock worth $536,000 after acquiring an additional 113 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Waste Management by 8.5% in the 1st quarter. IFP Advisors Inc now owns 10,349 shares of the business services provider’s stock valued at $2,396,000 after acquiring an additional 807 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $211.29 on Wednesday. The stock has a market capitalization of $85.12 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 2.51 and a beta of 0.62. The business’s 50 day moving average is $212.49 and its two-hundred day moving average is $223.98. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36.

Waste Management (NYSE:WM) last posted its quarterly 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 net margin of 10.35% and a return on equity of 33.00%. The business had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the business 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. Research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s dividend payout ratio is 51.97%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Cowen reiterated a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. Wells Fargo & Company assumed coverage on shares of Waste Management in a research note on Friday, November 14th. They set an “overweight” rating and a $238.00 target price for the company. Truist Financial set a $260.00 price target on Waste Management in a research report on Wednesday, October 29th. Sanford C. Bernstein began coverage on Waste Management in a research report on Wednesday, November 12th. They set an “outperform” rating and a $255.00 price objective for the company. Finally, Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $248.25.

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.